New Delhi, May 15 -- Shree Cement Ltd is favouring profitability over volume in an industry racing to scale up capacities and chase market share. Its March quarter (Q4FY25) results reflect that, though not without raising questions.

The company continued to deliver industry-leading blended profitability. Reported Ebitda per tonne, one of the best in the sector, rose to a multi-quarter high of Rs.1,404 from Rs.1,079 in Q3 and Rs.1,391 in Q4FY24, thanks to strong growth in realisations.

Average cement realization in Q4FY25 stood at Rs.4,758 per tonne, up 4.5% sequentially, flattish year-on-year, aided by better regional mix and rising share of premium products. The premium portfolio, including the newly launched Bangur Marble Cement, cont...