Bangur family promoted Shree Cement, the third-largest cement group by capacity, though it reported a decline of 14.9 per cent in its consolidated net profit to Rs 575 crore for the March quarter, its revenue rose 2.42 per cent to Rs 5,532.02 crore. In the March quarter, Shree Cements' total sales volume was 9.84 million tonnes (MT), which, according to the company, is the "highest" quarterly volume achieved by it. Shree Cements also reported a higher growth coming from the premium segment and expects this trend to continue in FY26. The company expects the cement industry to achieve 6.5-7.5 per cent demand growth, fuelled by infra projects, rural recovery and real estate momentum in FY26, though external challenges in terms of geopolitical conflicts and trade barriers by key economies will persist.