Birla Corporation Limited has informed the Exchange about Transcript
BIRLACORPN · price
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Birla Corporation reported its highest-ever numbers in FY '26 with 4% volume growth, EBITDA of ~INR800 crore for the year and ~INR1,000 crore in Q4. The company has shifted significantly toward premium products, with blended cement increasing from 82% to 88% and trade share from 70% to 77%. The company is undergoing a INR4,753 crore capex program to expand capacity from 21.5 to 27.5 million tons by FY '29, with peak net debt expected to reach INR4,000 crore. Management flagged cost inflation of INR150-175 per ton from Q1 onwards due to rising fuel and packaging costs. The Bikram coal block has started production with significant cost arbitrage (INR1-1.05 per kcal vs market INR1.45). The company maintains its strategy of focusing on blended and premium cement, and is cautiously avoiding aggressive forward guidance amid economic uncertainties.
The company is expanding capacity through internal accruals while debt increases, maintaining a debt-to-EBITDA ratio below 2.5x. Margin improvement efforts include coal block cost savings and continued premiumization, though cost inflation remains a headwind for the coming quarters.