STARCEMENT

What Star Cement promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 5 delivered 5 missed 10 open
  • FY28 Capex went quiet said Q4 FY26 Promised: INR 1,500 crores Q1 FY27: Not explicitly re-confirmed. Management detailed a multi-year INR 2,600-2,900 cr capex for Rajasthan and Jhajjar, with Rajasthan commissioning in Q4 FY28/Q1 FY29.
  • FY27 Cement Volume Growth revised down said Q4 FY26 Promised: 10% to 12% Q1 FY27: Revised down to 8-9% due to Q1 election impact and expected Q2 monsoon disruption.
  • FY26 Volume Target delivered, diluted said Q4 FY25 Promised: 5.4-5.5 million tons Q4 FY26: Achieved 5.3 million tons, meeting the revised guidance but missing the original 5.4-5.5 million tons target.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 20 tracked commitments for Star Cement — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens