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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹2,836 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
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Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Birla Corporation delivered a healthy Q4 FY26, with full-year revenue of ~₹800 crore and quarterly revenue of ~₹2,000 crore. Volume grew ~4% YoY, driven by strong premiumization and market share gains in core regions. Blended cement share rose to 88% (from 82% last year), and premium trade share improved to 77%. Lead distance reduced to 337 km, and Mukarba volumes increased to 27.7 lakh tons. Management guided for FY27 volume of ~20 million tons, capex of ₹900 crore, and a cost headwind of ₹150-175/ton from fuel and packaging. Key risks include geopolitical uncertainty and rising input costs. The company remains focused on value-added cement and brand extension, with no major capacity expansion beyond the ongoing 6 MTPA addition by FY29.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for volume of close to 20 million tons in FY27, implying ~7% growth over FY26.
- Capital expenditure for FY27 is guided at ₹900 crore, primarily for capacity expansion and maintenance.
- Management expects a cost increase of ₹150-175 per ton in Q1 FY27 due to higher packaging and fuel costs.
- Expected incentive income from Maharashtra plant to be around ₹130 crore in FY27, up from ₹95 crore in FY26.
Risks flagged
- Management highlighted rising crude and pet coke prices, leading to a cost headwind of ₹150-175/ton in Q1 FY27.
- Analyst noted sharp decline in operating cash flow due to inventory buildup for fuel, with net debt expected to peak at ₹4,000 crore.
- Jute segment faced abnormal price highs and structural issues; management expressed optimism but no concrete turnaround plan.
Key quotes
- We are not the ones who do knee-jerk reactions or veer from strategy. We set our course in a particular way three years ago and have by and large been able to stick to that.
- Our RMC is a matter of climbing up the value chain, but more importantly a question of brand extension and leveraging our marketing assets.
- We are not going to give any specific guidance. I heard somewhere that 2 million ton into 800 rupees a bit per ton – you can do your own calculation.
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