Dalmia Bharat Delivers 9% Volume Growth, Expands Capacity to 54.7 MnTPA Despite Cost Headwinds

Strong Performance despite Challenging Environment

Integration on Track for Acquired 5.2 MnTPA Cement Assets in Central Region

Key Highlights

• Installed cement capacity increased to 54.7 MnTPA with successful acquisition of 5.2 MnTPA capacity in Central Region
• Commercial production commenced at Chunar Grinding Unit in June; Trial run started at Rewa Clinker Unit in July
• Sales volume improved 9% YoY to 7.6 MnT
• Revenues from operations increased 7% YoY to Rs 3,890 Cr
• EBITDA per ton improved sequentially to Rs 1,055; EBITDA stood at Rs 805 Cr

Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ended Jun 30, 2026.

Financial Highlights for the Quarter ended Jun 30, 2026

Particulars	Q1FY27	Q1FY26	YoY
Sales Volume (MnT)	7.6	7.0	9.0%
Revenue from Operations	3,890	3,636	7.0%
EBITDA	805	883	(8.8%)
EBITDA/T (Rs/T)	1,055	1,261	(16.4%)
PBT (before exceptional items)	436	502	(13.1%)
Exceptional items	(182)	16
PBT	254	518	(51.0%)
PAT	192	395	(51.4%)
Net Debt to EBITDA (x)	1.47x	0.33x

Exceptional items in Q1 FY27 primarily includes acquisition-related costs pursuant to Central cement assets

This quarter marks an important milestone with the acquisition of cement assets in the Central region, as we move firmly towards our aspiration of becoming a pan-India player. Our earlier association with these assets and the markets provides us a great head start. As we look ahead, our endeavour will be swift ramp up and embedding Dalmia’s cost leadership practices to unlock superior returns.

— Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited

Despite temporary disruptions owing to state elections, we delivered a robust volume growth of 9% on a YoY basis. Supported by healthy price increases and focused initiatives across the business, we were able to offset the cost escalation meaningfully and deliver a robust EBITDA of Rs 1,055 per ton.

— Mr. Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited

Key updates

• Completed the acquisition of Jaiprakash Associates' cement undertaking, adding 5.2 MnTPA of cement capacity and 3.3 MnTPA of clinker capacity across four strategically located plants in Madhya Pradesh and Uttar Pradesh, at an EV of Rs 2,850 Cr.
• Successfully commenced commercial production at 2.5 MnTPA Chunar Grinding Unit on June 20, 2026; Trial run started at the 3.3 MnTPA Rewa Clinker Unit in July.
• Entered into Share Subscription and Shareholders’ Agreement and a Power Consumption Agreement to acquire 41% stake (26% on fully-diluted basis) in Oyster Green Hybrid Five Private Limited, an SPV of Oyster Renewable Energy Private Limited, in one or more tranches, at an aggregate consideration of approx. Rs. 17 Cr, to source Hybrid Power (Wind & Solar) as a captive consumer for its Kadapa plant.

Key Recognitions during the quarter

• CII-ITC Sustainability Award – DBL commended for ‘Significant Achievement’ in Manufacturing sector under Excellence for Corporate Social Responsibility
• FAME India Awards 2026 – Multiple Awards by various units (JCW, KCW, GCW and Umrangso) on Excellence in Health & Safety, Environment, Sustainability and CSR
• Kalinga Environment Excellence Award – 5 Star award for Excellence in Environment stewardship, Operational Excellence and Sustainable Growth to Rajgangpur and Gold category to KCW Unit in social impact, sustainable development & positive change in communities

About Dalmia Bharat:

Founded in 1939, Dalmia Bharat Limited (BSE/NSE Symbol: DALBHARAT) is one of India’s pioneering cement companies headquartered in New Delhi. With a growing capacity, currently pegged at 54.7 MnT, Dalmia Bharat Limited (including its subsidiaries) is the fourth-largest cement manufacturing company in India by installed capacity. Spread across 12 states and 19 manufacturing units, Dalmia Bharat Limited prides itself at having one of the lowest carbon footprints in the cement industry globally. It is the first cement company to commit to RE100, EP100 & EV100 (first triple joiner) – showing real business leadership in the clean energy transition by taking a joined-up approach. Visit us at https://www.dalmiacement.com.