The Ramco Cements Ltd (RAMCOCEM) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

The Ramco Cements faces a challenging Q1 FY27 as it navigates a sharp energy price shock and soft demand across its core South Indian markets. Investors will be closely watching for signs of margin resilience against rising fuel and logistics costs, alongside updates on the ramp-up of its recently expanded cement capacity.

The Ramco Cements Ltd Q1 Results Date and Time

The Board of Directors will meet on August 07, 2026, to consider the audited financial results and recommend dividend for FY2026.

The company has recommended a dividend of Rs. 2.50 per share for FY2026, subject to approval at the AGM scheduled for August 20, 2026.

What to expect from The Ramco Cements Ltd's Q1 FY27 results

The company enters Q1 FY27 facing significant margin pressure due to a confluence of rising international petcoke prices, which averaged ~$144/tonne, and a 11-14% YoY depreciation of the rupee impacting import costs. Logistics expenses are expected to rise following a 25% hike in industrial diesel prices, while the ongoing Mineral Bearing Land Tax in Tamil Nadu continues to add approximately Rs. 90-110 per ton to raw material costs. Despite an industry-wide price hike of Rs. 15-20 per bag in April, demand in South India remained sluggish, leading to a potential compression in EBITDA per ton compared to the Rs. 981/T reported in Q1 FY26. Management will likely focus on the impact of these cost headwinds and the effectiveness of their green power initiatives, which contributed 47% of total power in Q3 FY26, in mitigating the current energy volatility.

Key Things To Watch

Performance vs Guidance Tracking: Tracking progress against stated capacity and financial targets.

• Cement capacity target of 30 MTPA by FY26 — currently 27.44 MTPA as of Mar-26; miss likely.
• FY26 capex of Rs. 1,100 Cr — 9MFY26 expenditure reached Rs. 823 Cr; likely on track.
• Non-core asset monetisation — further Rs. 200 Cr target remains open-ended.

Operating metric trajectory: Key indicators of volume and cost efficiency.

• Cement sales volume and capacity utilisation trends vs Q1 FY26 level of 39.98 Lac tons and 68% utilisation.
• Power & fuel cost per ton management amidst petcoke price volatility and rupee depreciation.
• Construction chemicals revenue growth and margin contribution.

Strategic execution updates: Progress on major expansion and restructuring projects.

• Status of Kolimigundla Line II cement mill commissioning and its current volume contribution.
• Timeline for NCLT approval regarding the amalgamation of Ramco Windfarms Ltd.
• Land acquisition progress for the Bommanahalli Greenfield project in Karnataka.

Risks and headwinds to monitor: External factors impacting operational profitability.

• Pass-through status of the Tamil Nadu Mineral Bearing Land Tax (MBLT) levy.
• Competitive pricing pressure and M&A-led disruptions in the South Indian cement market.
• Status of pending litigation regarding CENVAT credit and excise duty.