Dalmia Bharat
Dalmia Bharat Group is an Indian publicly-listed conglomerate operating cement (India's 4th largest at 49.5 MTPA), sugar, refractories, and building materials retail across 10 states through 49,300+ channel partners, distinguished by the lowest carbon footprint in the global cement industry.
- Company typePublic
- Founded1939
- HeadquartersNew Delhi, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Dalmia Bharat does
Dalmia Bharat Group is an Indian publicly-listed industrial conglomerate founded in 1939 by Jaidayal Dalmia, headquartered in New Delhi and operating across cement, sugar, refractories, and building materials retail. Its core operating subsidiary, Dalmia Cement (Bharat) Limited, is the fourth-largest cement manufacturer in India with 49.5 MTPA of installed capacity across 15 manufacturing units in 10 states, distributing through a network of over 49,300 channel partners and serving infrastructure projects, government customers, and retail/dealer channels.
The company's product portfolio includes ordinary Portland cement, slag cement (where it is India's largest producer), super-speciality cements for oil wells, railway sleepers and air strips, and the recently launched Weather 365 super-premium water-repellent cement. Underlying technology centres on sustainability-focused manufacturing processes: waste heat recovery systems, alternative fuel substitution, renewable electricity integration, and the largest carbon capture facility being set up in the global cement sector. Diversified revenue streams include cement, sugar (Dalmia Bharat Sugar & Industries with 37,150 TCD crushing capacity, 120 MW co-generation, 255 KLPD distillery), refractories (Dalmia OCL), B2C packaged sugar under the Dalmia Utsav brand sold via e-commerce, and building materials retail through Hippo Stores.
FY26 revenue from operations reached Rs 14,804 crore (up 6% YoY) with record EBITDA of Rs 3,083 crore and profit after tax of Rs 1,157 crore (up 65% YoY). The company generates revenue primarily through one-time unit sales of cement priced around Rs 396 per 50 kg bag, with regional price hikes of Rs 15-25 per bag implemented in April-May 2026. Go-to-market combines mass-market dealer distribution, direct enterprise sales to large government and infrastructure accounts, e-commerce for consumer products, and physical retail via Hippo Stores. Dalmia Bharat holds the lowest carbon footprint in the global cement industry (40% below global average), is five-times water positive, and is the first company globally to join EP100, RE100 and EV100 simultaneously.
Dalmia Bharat firmographics
Firmographics- Name
- Dalmia Bharat
- Legal name
- Dalmia Bharat Group
- Website
- https://dalmiabharat.com
- Company type
- Public
- Founded year
- 1939
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Dalmia Bharat Group is an Indian publicly-listed conglomerate operating cement (India's 4th largest at 49.5 MTPA), sugar, refractories, and building materials retail across 10 states through 49,300+ channel partners, distinguished by the lowest carbon footprint in the global cement industry.
- Ownership category
- akta.pro rank
Dalmia Bharat industry classification
Industry- Product category
- Cement Manufacturing
- NAICS
- Cement Manufacturing (327310), Cement and Concrete Product Manufacturing (3273)
- SIC
- Cement, Hydraulic (3241), Concrete, Gypsum & Plaster Products (3270), Retail-Building Materials, Hardware, Garden Supply (5200)
- akta.pro primary industry
- Cement Manufacturing (Portland, Blended & Specialty) (IMADAAAG)
- akta.pro secondary industries
- Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime) (IMADAAAH), Concrete, Cement & Aggregates Retail (Bagged Mix, Sand, Gravel) (CRAIAEAG)
Keywords
Where Dalmia Bharat is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Dalmia Bharat business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Cement Manufacturing and Sales: Core revenue stream from manufacturing and selling cement products including ordinary Portland cement, slag cement, and super-speciality cements for oil wells, railway sleepers and air strips. Distributed through a network of 49,300+ channel partners across 15 manufacturing plants in 10 states. Revenue from operations was Rs 14,804 crore in FY26, up 6% YoY.
- Sugar and Allied Products: Dalmia Bharat Sugar & Industries operates five manufacturing locations with 37,150 TCD sugarcane crushing capacity, 120 MW co-generation capacity, and 255 KLPD distillery. The company has entered the B2C segment with packaged sugar under the 'Dalmia Utsav' brand, sold via e-commerce and offline retail.
- Building Materials Retail (Hippo Stores): Hippo Stores operates as a one-stop-shop for all building materials, serving individual consumers, contractors and builders through physical retail presence.
- Refractories: Through Dalmia OCL, the company manufactures refractory products including magnesia-carbon lines for industrial applications.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Trade Segment (Retail/Dealer) Cement Sales |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Dalmia Bharat product offering
Product offeringCore offering
Dalmia Bharat manufactures and sells cement products — including ordinary Portland cement, slag cement, and super-speciality cements for oil wells, railway sleepers and air strips — through 15 manufacturing plants across 10 Indian states with 49.5 MTPA capacity. Beyond cement, the company produces sugar and allied products (37,150 TCD sugarcane crushing, 120 MW co-generation, 255 KLPD distillery) under Dalmia Bharat Sugar and Industries, manufactures refractory products under Dalmia OCL, and operates Hippo Stores as a retail format for building materials.
Product overview
Dalmia Bharat Group operates as a diversified industrial conglomerate with three core business segments: cement manufacturing through Dalmia Cement (Bharat) Limited (India's fourth-largest cement company at 49.5 MTPA capacity), sugar production through Dalmia Bharat Sugar and Industries Limited (with integrated sugar, distillery and co-generation operations), and building materials retail through Hippo Stores. The cement business includes the flagship Dalmia Cement brand with specialty products like Weather 365 water-repellent cement and slag cement. The sugar business has expanded into B2C packaged consumer products under the Dalmia Utsav brand. The group emphasizes sustainability leadership, holding the lowest carbon footprint in the global cement industry and committing to carbon negativity by 2040.
Differentiator
Problem solved
Functional benefit
Brands
- Weather 365: Super-premium water repellent cement brand launched in Eastern India (West Bengal and Bihar) targeting homeowners, contractors and builders in regions with prolonged monsoons and high humidity.
- Dalmia Utsav
- Shuttle By Dalmia Bharat
- FIT Dalmia
Products and services
- Dalmia Cement Flagship cement product line — ordinary Portland cement, slag cement (India's largest slag cement producer) and super-speciality cements — manufactured by Dalmia Cement (Bharat) Limited for trade/retail buyers via dealers, infrastructure project customers, oil & gas (ONGC), railway sleeper and air strip applications.
- Dalmia Sugar Industrial sugar, co-generation power and distilled products manufactured by Dalmia Bharat Sugar and Industries Limited across five plants with 37,150 TCD sugarcane crushing capacity, 120 MW co-generation capacity and 255 KLPD distillery capacity. Sold to industrial buyers, distilleries and (through Dalmia Utsav) end consumers.
- Weather 365 Super-Premium Water Repellent Cement Super-premium water-repellent cement for homeowners, contractors and builders in monsoon-affected Eastern India; protects structures against seepage, dampness, moisture damage, steel corrosion and efflorescence using uniform water-repellent technology.
- Dalmia Utsav Packaged Sugar B2C packaged sugar brand by Dalmia Bharat Sugar and Industries Limited offering Sulphur Free White Crystal Sugar and Natural Brown Sugar for household consumption; sold via Amazon, Big Basket, Flipkart and offline retail stores across 12 Indian states/UTs.
- Hippo Stores Building Materials Retail One-stop-shop retail format for all building materials serving individual consumers, contractors and builders through physical stores, complementing Dalmia's cement distribution.
- Dalmia OCL Refractories Magnesia-carbon and other refractory product lines manufactured by Dalmia OCL for industrial applications including steel, cement and other heavy industries.
Quantifiable outcome
- Carbon footprint 40% lower than global cement industry average
- +4 more outcomes
Companies that use Dalmia Bharat
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Dalmia Bharat technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Dalmia Bharat partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Vision India Services Pvt. Ltd.coreDalmia Bharat Foundation (CSR arm) signed an MoU with Vision India to strengthen employment opportunities for youth trained under the DIKSHa skilling initiative. Vision India provides free access to its JustJob employment platform to candidates from all 35 DIKSHa skill centres operational across India, facilitating placements through its employer network including Schneider Electric, GMR, Maruti Suzuki, and Sodexo.
- Delhi Government PWDcoreDalmia Bharat partnered with Delhi PWD to develop green zones under flyovers and transform under-flyover spaces into sustainable urban hubs. The company has been entrusted with developing four locations: Hanuman Setu, Lodhi Flyover, Oberoi Flyover, and Mangi Setu. The initiative creates blue-green infrastructure through landscaping, plantation, and long-term maintenance, improving air quality and developing art and cultural experiences for communities.
- Adopt a Heritage ProgrammeminorDalmia Bharat Group participates in the Government of India's Adopt a Heritage programme, supporting heritage site conservation as part of its CSR and sustainability initiatives. The programme is aligned with achieving the Viksit Bharat 2047 vision through public-private partnerships in cultural heritage preservation.
- NABARDminorNABARD partners with Dalmia Bharat Foundation for livelihood and rural development programmes, particularly in agricultural and skill development initiatives.
- National Skill Development Corporation (NSDC)minorNSDC collaborates with Dalmia Bharat Foundation on skill training and employment-linked programmes for youth through the DIKSHa skilling initiative.
- International Finance Corporation (IFC)coreDalmia Cement has partnered with the International Finance Corporation (IFC) to promote sustainable business practices across its cement manufacturing operations.
- Odisha Skill Development Authority (OSDA)minorOSDA partners with Dalmia Bharat Foundation for skill development programmes in Odisha.
- BOSCHminorBOSCH collaborates with Dalmia Bharat Foundation on skill training and employment programmes.
- GIZminorGIZ partners with Dalmia Bharat Foundation on sustainability and environmental initiatives.
- MahindraminorMahindra collaborates with Dalmia Bharat Foundation on CSR and community development programmes.
- Schneider ElectricminorSchneider Electric is part of the employer network for Vision India's JustJob platform supported by Dalmia Bharat Foundation, providing employment opportunities for DIKSHa-trained youth.
- SolidaridadminorSolidaridad partners with Dalmia Bharat Foundation on sustainability and agricultural development programmes.
- EaseMyTrip FoundationminorEaseMyTrip Foundation partners in heritage site conservation under the Adopt a Heritage programme alongside Dalmia Bharat Group.
- USHAminorUSHA collaborates with Dalmia Bharat Foundation on social development and skill training programmes.
- AkzoNobelminorAkzoNobel partners with Dalmia Bharat Foundation on community and sustainability initiatives.
Scale indicators12 records
Recent moves8 records
Expansion highlights6 records
Dalmia Bharat competitors and assessment
Company assessmentDirect peers
- UltraTech Cement: India's largest cement manufacturer by capacity (over 150 MTPA), a direct competitor across all of Dalmia's product lines including ordinary Portland, slag and specialty cement. Competes head-to-head in pan-India dealer channels and large infrastructure projects.
- Ambuja Cements (Adani Group): Now part of Adani Group after the ACC-Holcim acquisition, Ambuja is one of India's top cement players with similar product mix and pan-India distribution. Direct competitor in trade channel, infrastructure tenders and specialty cement segments.
- ACC Limited: Adani-owned cement manufacturer with national footprint and overlapping plant locations. Directly competes with Dalmia in infrastructure, institutional and retail cement markets across multiple Indian states.
- Shree Cement: One of India's largest cement producers with strong presence in North and East India, directly competing with Dalmia's slag cement franchise and Eastern India market focus where Dalmia launched Weather 365.
- India Cements: Major South India-based cement maker and co-accused alongside Dalmia in the CCI ONGC cartel investigation. Direct competitor in institutional cement supply and certain geographic markets.
- JK Cement: Listed Indian cement manufacturer with grey and white cement products, comparable in scale to Dalmia in specific regions. Competes in wall putty, premium cement and trade channel segments.
- The Ramco Cements: South India-focused cement producer with growing national presence, directly competing with Dalmia in Tamil Nadu and other regional markets across Portland and specialty cement.
- Birla Corporation: MP Birla Group cement company with multi-regional plant footprint including Central India. Direct competitor in commodity and specialty cement, particularly in regions where Dalmia is expanding capacity.
- HeidelbergCement India: Indian subsidiary of Heidelberg Materials operating Central India-focused cement plants. Direct competitor in Central Indian markets where Dalmia is expanding through the Jaiprakash acquisition.
Broad incumbents
- Holcim Group: Global cement giant and former parent of ACC and Ambuja, now exiting India but still a broader industry incumbent shaping global cement decarbonization standards. Comparable as a sustainability leader in the cement sector and benchmark for Dalmia's carbon negative 2040 target.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Dalmia Bharat social profiles
Digital presenceDalmia Bharat compliance and trust
Trust signalCompliance3 records
Dalmia Bharat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dalmia Bharat leadership team
Management profileNumber of profiles
Profiles8 records
Dalmia Bharat subsidiaries and ownership
Company hierarchySubsidiaries6 records
Dalmia Bharat funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dalmia Bharat M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dalmia Bharat
What does Dalmia Bharat do?
Dalmia Bharat manufactures and sells cement products — including ordinary Portland cement, slag cement, and super-speciality cements for oil wells, railway sleepers and air strips — through 15 manufacturing plants across 10 Indian states with 49.5 MTPA capacity. Beyond cement, the company produces sugar and allied products (37,150 TCD sugarcane crushing, 120 MW co-generation, 255 KLPD distillery) under Dalmia Bharat Sugar and Industries, manufactures refractory products under Dalmia OCL, and operates Hippo Stores as a retail format for building materials.
Is Dalmia Bharat a public or private company?
Dalmia Bharat is a public company. It is classified as public and is currently operating.
When was Dalmia Bharat founded?
Dalmia Bharat was founded in 1939. It employs 5,001 to 10,000 people.
Where is Dalmia Bharat based?
Dalmia Bharat is headquartered in New Delhi, India, in the Asia region.
How does Dalmia Bharat make money?
Four revenue lines are on record. Cement Manufacturing and Sales are the primary driver. The others are sugar and Allied Products, building Materials Retail (Hippo Stores) and refractories.
Who are Dalmia Bharat's main competitors?
Direct peers on record are UltraTech Cement, Ambuja Cements (Adani Group), ACC Limited, Shree Cement, India Cements, JK Cement, The Ramco Cements, Birla Corporation and HeidelbergCement India. Holcim Group is listed as a broad incumbent.
Does Dalmia Bharat have an API?
No public API is recorded for Dalmia Bharat.
What industry is Dalmia Bharat in?
Dalmia Bharat's product category is Cement Manufacturing. Its primary akta.pro industry code is IMADAAAG, Cement Manufacturing (Portland, Blended & Specialty), with a secondary code of IMADAAAH, Cementitious Binders & Additives (Fly Ash, Slag, Silica Fume, Lime). Its NAICS code is 327310 and its SIC code is 3241.