Shree Cement has shared its business plan for the financial year 2025–26. The company wants to make more profit mainly by increasing the prices of its products, not by selling a lot more. It expects sales volume to go up just a little — by around 2 to 4%. But it plans to increase prices by 5 to 6%, which should help grow its total income by about 9%.
The company also expects to keep its profit margin (EBITDA per tonne) steady at around ₹1,400, thanks to better pricing and stable costs. In May, sales dropped slightly because of very hot weather and some restrictions in Rajasthan and Punjab. But the company believes that demand will get better soon, especially with a good monsoon, which helps both rural and city areas.
Shree Cement won’t be affected by West Bengal’s decision to stop giving benefits to cement companies, because it doesn’t have any plants there and hasn’t received any support from that state in the last five years. Most of the support it got last year (worth ₹800–1,000 crore) came from Rajasthan and Uttar Pradesh.
Looking ahead, the company wants to grow naturally (build its own plants) rather than buying others. It did place a bid to buy Jaypee Cement’s assets but isn’t very interested because those assets don’t have a big market presence. Shree Cement is working towards reaching a production capacity of 80 million tonnes by 2030, and it might even hit this target a year early.
Lastly, with over ₹5,500 crore in cash, the company is also thinking about rewarding its shareholders. A final decision on this is expected later this year.