Shree Cement sticks to its strategy despite slow HI

As large cement makers chase market share, there are concerns over Shree Cement Ltd’s strategy to prioritise a premium pricing over volume.

- Manvi Agarwal [e-mail]

In the second quarter (July-Septemben), it sold about 7.9 million tonnes (mt) ofcement, up 3.9% year-on-year, in line with industry growth. But in the first half (April-Septem-ber), volumes fell 2% year-on-year versusthe industry’sesti-mated 4% growth.

Even so, the management retained its FY26 sales guidance of 37-38mt, implying a pickup in the second half. That would require stronger post-monsoon construction activity and continued pricing discipline even as new capacity floods the market.