India’s 4th Largest Cement Manufacturer Reports 65.5 Per Cent Rise in FY26 PAT; Announces Rs 5 Per Share Dividend

The Indian equity markets were trading on a weak note on Tuesday, with the Nifty 50 index down by 66.60 points or 0.28 per cent at 24,026.10 during the session. Amid broad-based selling pressure, cement counters witnessed stock-specific action following Q4 earnings announcements. In this segment, Dalmia Bharat share price declined 3.69 per cent to Rs 1,899.90 after the company reported its audited Q4FY26 and full year FY26 financial performance.

Dalmia Bharat Q4FY26 Results

Dalmia Bharat reported a 3 per cent YoY increase in cement sales volume to 8.8 million tonnes in Q4FY26, compared to 8.6 million tonnes in Q4FY25.

Revenue from operations rose 3.8 per cent YoY to Rs 4,245 crore from Rs 4,091 crore. EBITDA for the quarter stood at Rs 902 crore, up 13.7 per cent YoY from Rs 793 crore, while EBITDA per tonne improved to Rs 1,023 from Rs 926.

Profit after Tax for the quarter came in at Rs 394 crore as against Rs 439 crore reported in the corresponding quarter last year, marking a decline of 10.3 per cent YoY.

Dalmia Bharat FY26 Annual Performance

For the full financial year FY26, cement sales volume increased 2.2 per cent YoY to 30 million tonnes from 29.4 million tonnes.

Revenue from operations rose 5.9 per cent YoY to Rs 14,804 crore compared to Rs 13,980 crore in FY25. EBITDA increased 28.1 per cent YoY to Rs 3,083 crore from Rs 2,407 crore.

Profit after tax jumped 65.5 per cent YoY to Rs 1,157 crore in FY26 as against Rs 699 crore reported in the previous financial year.

Board Recommends Final Dividend and Renewable Capacity Expansion

The Board of Directors has recommended a final dividend of Rs 5 per equity share of face value Rs 2 each for FY25-26, subject to shareholders’ approval at the ensuing Annual General Meeting.

During the quarter, the company commissioned 15 MW of Waste Heat Recovery Systems, 7 MW of Solar power and an additional 17 MW of renewable energy capacity under group captive agreements, taking its total operational renewable energy capacity to 449 MW at the end of FY26.

Management Commentary

Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “As the nation progresses toward the vision of Viksit Bharat by 2047, substantial investments in infrastructure will be essential, and Dalmia Bharat is proud to play a meaningful role in India’s growth journey. India continues to demonstrate resilience amidst the geo-economic uncertainties.” He further added, “During the year, we made significant progress on our strategic priorities and delivered the highest-ever EBITDA of Rs 3,083 crore in FY26. Going ahead, I remain excited about the opportunities that lie before us. With ongoing investments, a strong balance sheet and a highly committed executive committee, Dalmia is well-positioned for an accelerated growth.”

Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited, said, “During the quarter, our cement volumes improved by 3 per cent YoY to 8.8 MnT. At the same time, we continue to improve on our quality of sales with an improvement in trade share as well as premium mix. EBITDA saw a strong uptick to Rs 902 crore in Q4, supported by a combination of improved realisations, continued cost optimisation initiatives and higher volumes. The recent improvement in cement prices is expected to help offset cost pressures arising out of geo-political uncertainties. I am confident that our consistent focus on maximising ROCE, coupled with strategic capacity expansion, will drive strong value creation for all our stakeholders.”

About Dalmia Bharat 

Dalmia Bharat Ltd is one of India’s leading cement manufacturers and currently the fourth-largest cement manufacturing company in the country by installed capacity. The company has an installed capacity of 49.5 million tonnes spread across 15 manufacturing units in 10 states.

Through its subsidiary Dalmia Cement (Bharat), the company maintains one of the lowest carbon footprints in the global cement industry and continues to expand through renewable energy and sustainability-led infrastructure investments.

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Disclaimer: This article is for informational purposes only and not investment advice.