Dalmia Bharat Limited — Q1FY27 earnings call summary

Filed 28 July 2026 · Official transcript

Multiple analyst queries on Jaypee asset ramp-up and cost outlook; management expects 7-8 quarters for EBITDA parity
Q1 FY27 cement volume grew 9% y-y despite state elections and market disruptions
Industry cement demand growth guided at 7% for FY27; company aims to grow in line
FY27 capex guidance INR3,200-3,400 Cr including maintenance and Jaypee catch-up
Expect Jaypee assets to contribute meaningfully from Q3 FY27; EBITDA neutral in few quarters
Jaypee Cement acquisition adds 5.2 mt capacity; integration progressing well
Input costs elevated: pet coke prices peaked near $160/ton, fuel cost per ton +10% y-y
EBITDA per ton improved 3% q-o-q to INR1,055; absolute EBITDA declined 11% q-o-q