Its sale of premium products rose to 22% of the total trade sale volume from 15% in the corresponding previous quarter.
Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) rose less than 2% to Rs 1,092.83 crore. The EBITDA was impacted by a jump in employee benefits expenses to Rs 382.99 crore from Rs 276.30 crore a year back. The company has recognised Rs 55.99 crore as additional employee benefit obligations in line with the revised Labour Codes.
“The quarter delivered a steady performance despite a benign demand environment,” Neeraj Akhoury, managing director of the company, was quoted in a statement.
“With the government’s sustained emphasis on infrastructure development and a steady improvement in construction activities, we remain cautiously optimistic about demand in the coming quarters,” he said.
Shree Cement has an annual production capacity of 65.8 million tonnes. Work on its 3 million tonnes integrated project at Kodla in Karnataka is nearly complete and this plant is likely to be commissioned within the current quarter, the company said.
The company reported its earnings after market hours and its shares closed at Rs 27,346.35 apiece on the BSE, up 0.5% from the previous close.
“India’s economic outlook remains resilient and the union budget 2026-27 has further strengthened growth prospects by raising public capital expenditure to ₹12.2 lakh crore, keeping infrastructure—roads, railways and urban systems—at the core of development, which is expected to boost construction and cement demand,” the company said.