STAR CEMENT LIMITED

Star Cement Limited's Q1 FY27 investor presentation highlights a 4% YoY increase in cement and clinker sales volume to 13.54 lac tons, though revenue and EBITDA declined by 12% and 16% respectively compared to Q1 FY26. The company reported a 15.9% premium sales share of trade sales, up from 12.2% in Q1 FY26, and a 3% increase in West Bengal market share despite election disruptions. Operational challenges included railway route restrictions affecting supply in the North-East, higher fuel costs due to increased coal reliance, and the Vikram Shila Bridge collapse impacting fly ash costs. The presentation outlined plans to expand capacity to over 1.5x current levels by FY29, with projects in Rajasthan and Haryana funded through internal accruals and debt. Sustainability goals include achieving 60% green energy by FY28 and 20% thermal substitution by FY27. The company also detailed social initiatives, including rural development programs and partnerships with local celebrities for brand promotion. Management noted challenges from liquidity constraints, delayed government fund releases, and regional demand disruptions, but emphasized strategic expansion and sustainability efforts.

The presentation acknowledges both operational challenges and strategic growth initiatives, reflecting a balanced view of current performance and future plans.