Sustainable volume growth of 7-8% per annum
Driven by urbanization, infrastructure spending, and rural demand; structural drivers intact.
INDIACEMENTS / guidance tracker
Keep management guidance in view.
India Cements · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
growth
Annual capex of ₹8,000-10,000 crore for foreseeable future
Includes expansion beyond 240M tons; fully funded by operating cash flows.
India Cements EBITDA per ton to exceed ₹1,000 by FY28
Cost improvement capex of ₹1,592 crore plus ₹400 crore expansion; current trajectory supports target.
Clinker factor target of 1.54x by FY28
Improvement from current 1.48x through higher composite cement usage.