Dalmia Bharat Ltd (BOM:542216)

Q3 2026 Dalmia Bharat Ltd Earnings Call Transcript

Jan 21, 2026 / 11:00 AM GMT

Release Date Price: ₹2228.9 (+1.42%)

Transcript

Key Points

Positve

Dalmia Bharat Ltd (BOM:542216) reported a robust volume growth of 10% year-over-year, driven by improved demand traction and strategic sales efforts.
The company has successfully commissioned a new clinker line in Assam, enhancing its capacity to serve the Northeast region, which is promising in terms of demand growth and profitability.
Dalmia Bharat Ltd (BOM:542216) is on track with its expansion plans, aiming to reach a capacity of 75 million tons by FY28, with further ambitions to expand to 110-150 million tons by 2031.
The company is making significant strides in cost efficiency, with a target to reduce costs by INR 150-200 per ton, having already achieved a reduction of INR 45-50 per ton.
Dalmia Bharat Ltd (BOM:542216) is increasing its renewable energy capacity, which is expected to improve cost efficiencies further.

Negative

The company experienced a drop in net sales realization (NSR) by about 4% quarter-over-quarter due to price corrections in core markets.
Pricing in the short-term remains unpredictable due to market dynamics, with recent corrections in the East and South regions beyond GST adjustments.
The company faces challenges from additional levies, such as the tax on minerals in Tamil Nadu, impacting raw material costs.
Despite strong demand growth, overcapacity in the cement sector is expected to persist, potentially limiting significant improvements in capacity utilization.
Dalmia Bharat Ltd (BOM:542216) is cautious about short-term pricing due to competitive intensity and regional capacity expansions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DALB.NS - Dalmia Bharat Ltd
Q3 2026 Dalmia Bharat Ltd Earnings Call
Jan 21, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the earnings conference call of Dalmiabharat Limited for the quarter ended 31st December 2025.

Please note that this conference call will be for 60 minutes and for the duration of this conference call all participant lines will be in the less only mode.

This conference call is being recorded and the transcript will be put on the website of the company.

After the management discussion, there is an opportunity for you to ask questions should you need assistance during the conference call. Please signal an operator by pressing, then 0 on a touchstone 4.

As a reminder, all participant lines will be in the listen-only mode.

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