A Healthy Q2 For Shree Cement | Expect Better EBITDA/Tonne In The Upcoming Quarter, Says Company
CNBC-TV18 · 26 Oct 2026 · 7 min
Management interview of Shree Cement Ltd (SHREECEM), with 4 key numbers discussed.
- Neeraj Akhoury, MD, Shree Cement
Shree Cement reported an 18% volume growth in Q2 and expects to reach the upper end of its 40-41 million tonne target by year-end. MD Neeraj Akhoury noted that non-trade price increases have narrowed the trade/non-trade price gap to around ₹10 per bag, bringing EBITDA levels between the two segments to par. The company expects EBITDA per tonne to improve from Q2 levels due to volume growth, pricing foundations, and lower-cost fuel inventory. In the UAE, capacity reached 7 million tonnes, where strong demand and potential regional reconstruction are expected to drive growth.