SHREE CEMENT LIMITED (SHREECEM) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Shree Cement faces a critical quarter as it navigates a sharp spike in fuel costs and a seasonally softer demand environment. Investors will be focused on the company's ability to defend its EBITDA margins through realization gains and the impact of its transition to consolidated financial reporting.

SHREE CEMENT LIMITED Q1 Results Date and Time

The board meeting is scheduled for July 31, 2026, to consider the unaudited Q1 FY27 financial results.

An investor conference call hosted by ICICI Securities is scheduled for July 31, 2026, at 5:00 PM IST.

What to expect from SHREE CEMENT LIMITED's Q1 FY27 results

Shree Cement enters Q1 FY27 facing a material headwind from fuel costs, with international petcoke prices averaging $144/tonne, up 11% QoQ, and domestic petcoke surging 30% QoQ to approximately Rs. 17,753/tonne. While the company implemented price hikes of Rs. 25 per bag in April to offset these pressures, industry volume growth for the quarter is estimated at 5% YoY, tracking slightly behind management's aspirational 8–8.5% target. The shift to consolidated reporting this quarter will provide new transparency into the performance of the Eastern subsidiary and the UAE-based Union Cement, which saw sales slow in April and May due to regional tensions before showing signs of recovery in June. Management's ability to maintain EBITDA/ton against the backdrop of higher freight costs, driven by a Rs. 7/litre increase in diesel prices, remains the central operational question for the upcoming call.

Key Things To Watch

Performance vs Guidance Tracking: Tracking progress against stated FY27 operational and financial targets.

• Volume growth — 8%–8.5% target for FY27 — Q1 performance vs industry 5% YoY growth
• Capex — Rs. 1,500 Cr guidance for FY27 — Q1 spend progress
• RMC plants — 45 plants by September 2026 — Current operational count

Operating metric trajectory: Key KPIs impacting profitability and market share.

• EBITDA/ton — Q4 FY26 was Rs. 1,125 — impact of petcoke and diesel inflation in Q1
• Capacity utilisation — 66% in Q4 FY26 — trend post-Kodla commissioning
• Lead distance — target of 440 km or lower — Q1 performance

Strategic execution and UAE operations: Updates on capacity expansion and regional recovery.

• Union Cement (UAE) — 2.3 MTPA capacity addition by September 2026 — demand recovery status post-ceasefire
• Meghalaya expansion — preliminary work status and government incentive discussions
• Consolidated reporting — segmental disclosure for Eastern and UAE operations

Risks and headwinds to monitor: Regulatory and macroeconomic factors impacting the quarter.

• GST demands — Rs. 43.60 Cr reinstated — update on appeal before GST Appellate Tribunal
• Income tax demand — Rs. 153.47 Cr for FY22-23 — status of adjustment against pending refunds
• Fuel cost volatility — management expectation of 10% rise — actual Q1 impact and pass-through effectiveness