Dalmia Bharat Ltd, India’s fourth-largest cement maker by capacity, anticipates a softening of input costs in the coming quarters as tensions in West Asia ease. The company flagged war-related cost pressures during its Q4FY26 earnings, noting that costs could rise sequentially by ₹125-150 per tonne in the April-June quarter, according to livemint.com.
During the company’s 13th annual general meeting, Chief Financial Officer Dharmendra Tuteja addressed shareholder queries, stating that cost escalations are coming down. Despite the recent disruptions impacting earnings in the first half of the fiscal year, Dalmia Bharat remains committed to its expansion plans, signaling confidence in its operational strategy amid easing geopolitical tensions.
The easing of cost pressures is significant for the Indian cement sector, which has faced challenges due to supply chain disruptions linked to the West Asia conflict. Dalmia Bharat’s outlook aligns with broader industry expectations of stabilizing input costs, which could support margin recovery. The company’s approach contrasts with peers who have adopted more cautious stances, highlighting Dalmia Bharat’s focus on growth despite market volatility.
Dalmia Bharat’s next quarterly earnings report, expected in late July, will provide further clarity on the impact of cost pressures and the progress of its expansion initiatives. The company’s strategic decisions during this period will be closely monitored by investors and industry participants, given the evolving geopolitical and economic landscape.