All Brands Owned by Dalmia Bharat Group

Is Dalmia Bharat Group publicly traded?
The group itself is a private conglomerate controlled by the Dalmia family. However, its flagship cement entity, Dalmia Bharat Limited, is publicly traded on India's National Stock Exchange (DALBHARAT) and Bombay Stock Exchange (542216). The listed entity is a pure-play cement manufacturer. The group's other businesses, including sugar and refractories, operate through separate private entities.

Who controls Dalmia Bharat Group?
The Dalmia family controls the group through promoter shareholding in Dalmia Bharat Limited. Puneet Dalmia, a descendant of founder Jaidayal Dalmia, serves as managing director and CEO. The family's controlling ownership means minority shareholders have limited influence on strategic decisions. After Jaidayal Dalmia's death in 1993, his sons Jai Hari Dalmia and Yadu Hari Dalmia took control, and the next generation continues to lead the business.

When was Dalmia Bharat Group founded?
The group was founded in 1939 by Jaidayal Dalmia, who established a cement plant at Dalmiapuram, Tamil Nadu, with a capacity of 250 tonnes per day. Jaidayal Dalmia and his brother Ramkrishna Dalmia had built a diversified business empire in eastern India. After the 1948 split of the Dalmia-Jain Group, Jaidayal retained the cement factories. The modern corporate entity, Dalmia Bharat Limited, was incorporated in 2013 as Odisha Cement Limited and renamed in 2019.

What is Dalmia Bharat Group's market position?
Dalmia Bharat is India's fourth largest cement manufacturer by installed capacity, with approximately 50 MTPA as of FY2025. The company has been one of the fastest growing cement companies in India, with capacity and revenue CAGR of approximately 14% and 17% respectively over the last decade. Its primary markets are in eastern and southern India.

What are Dalmia Bharat Group's expansion plans?
The company targets 75 MTPA by FY2028 and 110 to 130 MTPA by 2031 through a combination of organic and inorganic capacity addition. This represents more than doubling current capacity over the next five years. The expansion plan includes both organic greenfield and brownfield projects and potential inorganic acquisitions.

How does Dalmia Bharat Group compare to UltraTech Cement?
UltraTech Cement is India's largest cement manufacturer with 200.1 MTPA capacity, approximately four times Dalmia's capacity. Dalmia differentiates itself through its low-cost production model, claiming to be one of the lowest total cost producers of cement in India. Dalmia's EBITDA per tonne of Rs 1,027 in FY2026 and net debt to EBITDA of 0.46x indicate operational efficiency and financial discipline despite its smaller scale.

Has Dalmia Bharat Group had any controversies?
Dalmia Bharat was involved in a contested acquisition of Binani Cement in 2018, which it ultimately lost to UltraTech Cement after legal proceedings. The company was investigated by the Competition Commission of India in 2012 for alleged collusive pricing, along with other cement producers. Dalmia's sustainability claims, including lowest carbon footprint in the global cement sector, are company-reported and not independently verified through third-party certification.