HeidelbergCement India Limited (500292) Earnings Call Transcripts

HeidelbergCement India Limited's Latest Earnings Call - Q4 FY2026

In the earnings call for the quarter and fiscal year ending March 31, 2026, HeidelbergCement India Limited reported a significant increase in both revenue and earnings, with EBITDA rising 19.8% year-over-year and profit after tax (PAT) increasing by 35.5%. The company achieved an EBITDA per tonne of INR 584, which was up 10% year-over-year. Management maintained a positive outlook for demand, projecting a growth rate of 7-7.5% for the cement industry in Central India, driven by upcoming elections and robust domestic consumption. However, pricing pressures remain a concern, particularly in Central India, where competition has kept prices subdued.

Reported metrics

Guidance from management

Management expects cement demand in Central India to grow at 7-7.5% in FY '27, driven by upcoming elections and robust domestic consumption. They anticipate being able to pass on some cost increases to customers, though pricing pressures may persist in the short term.

What management said

Rajesh, if you see our total cement grinding capacity, it is around 6 million tonnes. And at this moment, we are -- you are right that we are running around 90%, 95% capacity. But at the same time, like Mr. [indiscernible] said that we are optimizing our product portfolio. We are also reducing our clinker content so that we can reduce CO2 emission. [indiscernible] to grind more cement. So we can say that, okay, at th...

So our clinker consumption ratio is around 60%, 61% of the cement. And I think we will be able to reduce at least maybe 50 basis point to maybe 100 basis points in [indiscernible].

What analysts pressed on

Analysts expressed concerns regarding persistent pricing pressure in Central India, questioning management on how they plan to navigate this environment. There was also apprehension about the impact of geopolitical developments and inflation on future costs and margins.

Main topics on the call

• Revenue and Earnings Growth — HeidelbergCement reported a 19.8% increase in EBITDA year-over-year, reaching INR 584 per tonne, while PAT grew by 35.5%. Management emphasized that the growth was driven by a decrease in input costs and improved operati...
• Debt-Free Status — The company announced it is now completely debt-free after repaying loans totaling INR 687 million, which strengthens its financial position and provides flexibility for future investments.
• Pricing Pressure in Central India — Management acknowledged ongoing pricing pressures in Central India, stating, "we lost about INR 105 at the gross price level" due to increased competition and new capacity coming online in the region.
• Future Demand Outlook — Management expects cement demand in Central India to grow at 7-7.5% due to upcoming elections, stating, "the highest consumption state in India is going to have elections in the next 1 year," which should support demand.

Read the full HeidelbergCement India Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 17 HeidelbergCement India Limited earnings call transcripts on record, spanning February 13, 2020 to May 29, 2026. Based on this history, HeidelbergCement India Limited reports semi-annually. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500292

Exchange

BSE

Country

IN

Sector

Materials

Industry

Construction Materials

Calls on record

17

First call

February 13, 2020

Most recent

May 29, 2026

Reporting cadence

semi-annually