Dalmia Bharat

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.

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

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

• Cement manufacturing
• Sugar production
• Building materials retail
• Refractory products
• Super-speciality cement

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

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

1. 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.
2. 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.
3. 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.
4. Refractories: Through Dalmia OCL, the company manufactures refractory products including magnesia-carbon lines for industrial applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Vision India Services Pvt. Ltd.coreStrategic or Co-development Partner · 29 May 2026Dalmia 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 PWDcoreStrategic or Co-development Partner · 5 April 2026Dalmia 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 ProgrammeminorStrategic or Co-development Partner · 5 April 2026Dalmia 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.
• NABARDminorStrategic or Co-development Partner · 18 March 2026NABARD partners with Dalmia Bharat Foundation for livelihood and rural development programmes, particularly in agricultural and skill development initiatives.
• National Skill Development Corporation (NSDC)minorStrategic or Co-development PartnerNSDC collaborates with Dalmia Bharat Foundation on skill training and employment-linked programmes for youth through the DIKSHa skilling initiative.
• International Finance Corporation (IFC)coreStrategic or Co-development PartnerDalmia Cement has partnered with the International Finance Corporation (IFC) to promote sustainable business practices across its cement manufacturing operations.
• Odisha Skill Development Authority (OSDA)minorStrategic or Co-development PartnerOSDA partners with Dalmia Bharat Foundation for skill development programmes in Odisha.
• BOSCHminorStrategic or Co-development PartnerBOSCH collaborates with Dalmia Bharat Foundation on skill training and employment programmes.
• GIZminorStrategic or Co-development PartnerGIZ partners with Dalmia Bharat Foundation on sustainability and environmental initiatives.
• MahindraminorStrategic or Co-development PartnerMahindra collaborates with Dalmia Bharat Foundation on CSR and community development programmes.
• Schneider ElectricminorStrategic or Co-development PartnerSchneider 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.
• SolidaridadminorStrategic or Co-development PartnerSolidaridad partners with Dalmia Bharat Foundation on sustainability and agricultural development programmes.
• EaseMyTrip FoundationminorStrategic or Co-development PartnerEaseMyTrip Foundation partners in heritage site conservation under the Adopt a Heritage programme alongside Dalmia Bharat Group.
• USHAminorStrategic or Co-development PartnerUSHA collaborates with Dalmia Bharat Foundation on social development and skill training programmes.
• AkzoNobelminorStrategic or Co-development PartnerAkzoNobel partners with Dalmia Bharat Foundation on community and sustainability initiatives.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct 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

• Xx.com/DalmiaBharat
• Facebookfacebook.com/DalmiaBharatGroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dalmia Bharat