New Delhi, June 27 -- Dalmia Bharat Ltd is entering FY26 on firm ground thanks to the surprise resilience in cement prices across its two key regions: south and east.

Even as demand in these areas remained patchy, prices rose by Rs.35 per bag and Rs.12 per bag, respectively, over the March quarter (Q4FY25) average, only seeing marginal rollbacks in June, as per PL Capital. This is remarkable, especially given early monsoons this year and a generally muted consumption backdrop in the east.

For Dalmia, which has nearly 80% of its capacity concentrated in these two zones, the pricing uptick is good news. In a report on 26 June, PL Capital said it estimates an Ebitda per tonne jump of Rs.200-250 sequentially, pushing it closer to the Rs.1,1...