Shree Cement Ltd (India's third-largest cement maker) has decided to slow down its capacity expansion plans, following a similar announcement from Adani Cements. Chief Financial Officer Subhash Jajoo noted that the company is responding to a dynamic market situation, particularly after competitors indicated a reduction in aggressive capacity expansions. Shree Cement reported a consolidated revenue of ₹20,943.47 crore (approximately $2.53 billion USD) for FY26, marking a 9% increase from the previous year, and a 55% rise in profit attributable to owners, reaching ₹1,743.56 crore (around $210 million USD). Despite challenges posed by rising input costs and a slowdown in sales due to geopolitical tensions in the Middle East, management remains optimistic about a 7% growth in cement demand. The company also declared a final dividend of ₹70 per share, raising the total dividend for the year to ₹150 per share, a 36% increase over the previous fiscal year.