Q3 FY26 — 25 Mar 2026
Sh. Digvijay Cem Q4 FY26 Business Update & Integration Call Analysis
Shree Digvijay Cement announced the integration of Hi-Bond Cement effective March 19, 2026, through a Brand Usage, Supply and Distribution Agreement, expanding combined capacity to 5.2 MTPA. The company targets 8-10% volume growth in Q4 FY26 and 70% capacity utilization by FY27. While expecting an earnings release from Hi-Bond, management foresees a INR200/metric ton dip in overall EBITDA due to clinker sourcing and potential cost increases in Q1 FY27.
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