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For Shree Cement, earnings a bigger priority than volumes

Mint Kolkata

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May 16, 2025

Shree Cement Ltd is favouring profitability over volume in an industry racing to scale up capacities and chase market share.

- Manvi Agarwal

Shree Cement Ltd is favouring profitability over volume in an industry racing to scale up capacities and chase market share. Its Q4FY25 results reflect that, with some questions.

The firm continued to deliver industry-leading blended profitability. Reported Ebitda per tonne, one of the sector's best, rose to a multi-quarter high of ₹1,404 from ₹1,079 in Q3 and ₹1,391 in Q4FY24, on strong growth in realizations. Average cement realization in Q4FY25 was ₹4,758 per tonne, up 4.5% sequentially, flattish year-on-year (y-o-y), on better regional mix and rising share of premium products.

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