How Much Revenue Does Dalmia Group Make from Each of Its Businesses?

Dalmia Group, a diversified Indian conglomerate, generates revenue from core sectors like cement, sugar, refractories, and power. With a strong industrial presence, each business division contributes significantly to the group’s overall financial strength and continued growth across domestic and global markets.

Dalmia Group’s Company Overview and History

Dalmia Group, founded in 1935 by Jaidayal Dalmia, is one of India’s oldest industrial conglomerates. It began with cement manufacturing and expanded into sugar, refractories, power, and other sectors, maintaining a strong legacy of industrial leadership and business diversification.

Over the decades, Dalmia Group established leading companies like Dalmia Bharat Cement, Dalmia Sugar, and Dalmia Refractories. The group’s diverse business model, driven by innovation and sustainability, has made it a respected name across India’s core industries and manufacturing sectors.

The group is over 88 years old, owned and led by the Dalmia family, with Puneet Dalmia as the Managing Director. Dalmia Bharat Group’s valuation exceeds ₹45,000 Crores, reflecting its strong market presence and growing investor confidence.

Dalmia Bharat ranks among India’s top three cement manufacturers and holds leadership positions in the refractories and sugar segments. It is recognized nationally for its scale, operational excellence, and contribution to infrastructure and manufacturing growth in India.

Dalmia Group Financials and Shareholder Returns

Dalmia Group demonstrates strong financial performance driven by its diversified business portfolio, with consistent revenue growth, stable profitability, and steady shareholder returns across sectors like cement, sugar, refractories, and power.

Particulars	Details
Revenue (FY 2024)	₹15,000 Crores
Net Profit (FY 2024)	₹1,350 Crores
Dividend Yield	1.4%
1-Year Return	8.5%
3-Year Return	27%
5-Year Return	55%

How Dalmia Group Started and the Growth of Its First Business

Dalmia Group started its journey in 1935, founded by Jaidayal Dalmia. The group began with cement manufacturing, capitalizing on India’s growing infrastructure needs. Over time, it expanded into other core sectors, establishing a strong industrial presence nationwide.

• Dalmia Group’s first business was cement manufacturing, launched in 1935. It focused on meeting India’s infrastructure demand during British rule, when the cement sector was emerging but limited to a few players.
  
• During that era, cement was crucial for construction and industrial growth. Dalmia’s early entry gave it a competitive advantage, allowing rapid expansion and helping the nation build essential infrastructure.
  
• Currently, Dalmia Group is led by Puneet Dalmia, Managing Director of Dalmia Bharat Group. Under his leadership, the group strengthened operations, expanded production capacity, and focused on sustainability and environmental-friendly manufacturing practices.
  
• The cement division remains the largest contributor, with Dalmia Bharat Cement ranking among India’s top three producers. The group continues to grow in sugar, refractories, and renewable power businesses across multiple states.

How Did Dalmia Group Expand into Subsequent Business Sectors?

Dalmia Group expanded into multiple sectors over the years, leveraging its cement business success. The group strategically diversified into sugar, refractories, and power, aligning with India’s growing industrial and infrastructure development needs.

• Sugar Business (1950s): Dalmia Group entered the sugar industry, capitalizing on rising domestic demand and the government’s focus on agriculture-based industries. It established sugar mills across Uttar Pradesh and Maharashtra, producing sugar, molasses, and ethanol, ensuring revenue diversification and supporting rural economies.
  
• Refractories Business (1973): The group expanded into refractories by establishing Dalmia Refractories. It manufactured high-grade refractory bricks and materials for steel, cement, and glass industries, becoming a leading domestic supplier and serving global clients across multiple industries.
  
• Renewable and Thermal Power (2000s): Dalmia Group ventured into power generation to support its energy-intensive operations. It focused on captive power plants, renewable energy, and waste heat recovery, improving operational efficiency while contributing to sustainability and green energy goals.
  
• Cement Capacity Expansion (2010s Onwards): The group significantly increased cement production capacity, acquiring plants, and expanding across eastern and southern India. Dalmia Bharat Cement became India’s third-largest cement producer, focusing on premium quality and eco-friendly manufacturing technologies.

Dalmia Group Revenue Split – How It Earns Across Different Sectors

Dalmia Group earns revenue from its diversified businesses, with cement being the largest contributor. Other key sectors like sugar, refractories, and power also play vital roles in strengthening the group’s financial stability and consistent growth.

• Cement: Dalmia Bharat Cement generates around ₹11,500 Crores annually, contributing the largest share. Its extensive presence across India ensures consistent demand from infrastructure, housing, and industrial projects, driving long-term business growth.
  
• Sugar: The sugar division earns approximately ₹1,800 Crores yearly through the production of sugar, ethanol, and by-products. It benefits from rising ethanol blending programs and government support for agro-based industries.
  
• Refractories: Dalmia Refractories contributes nearly ₹900 Crores in revenue, supplying essential refractory materials to steel, cement, and glass industries. Its specialized products ensure operational efficiency in high-temperature industrial processes.
  
• Power: The power segment, including captive plants and renewables, adds ₹800 Crores annually. It supports energy-intensive operations, focuses on green initiatives, and strengthens the group’s sustainability and environmental goals.

Challenges Faced by Dalmia Group Across Its Businesses

Dalmia Group, despite its diversified presence, faces multiple challenges across sectors like cement, sugar, refractories, and power. Market volatility, regulatory changes, and operational risks impact growth, requiring continuous adaptation and strategic planning.

• Cement Sector: Dalmia faces raw material cost fluctuations, competitive pricing pressures, and regulatory hurdles related to emissions and environmental compliance, impacting profit margins and requiring consistent investment in green manufacturing technologies.
  
• Sugar Sector: The sugar business struggles with cyclical production, fluctuating prices, government-imposed controls, and dependence on monsoon conditions, creating profitability challenges and affecting consistent revenue generation.
  
• Refractories Sector: Rising raw material costs, competition from cheaper imports, and demand dependency on the steel and cement industries create business risks, requiring continuous quality improvement and diversification of the client base.
  
• Power Segment: Operational challenges like fuel cost volatility, regulatory restrictions on emissions, and technological upgrades for renewable energy impact the power segment, increasing capital requirements and pressure on profitability.

How Does Dalmia Group’s Future Look in Terms of Growth and Strategy?

Dalmia Group’s future growth strategy focuses on expanding its core cement business, investing in green technologies, scaling the sugar and ethanol segment, and strengthening the refractories and power divisions to ensure sustainable and diversified growth.

• Cement Expansion: Dalmia plans to increase cement capacity through acquisitions and new plants, targeting leadership in eastern and southern India while promoting low-carbon, eco-friendly cement production technologies.
  
• Green Energy Focus: The group aims to invest heavily in renewable power and waste heat recovery, reducing carbon footprint, supporting energy-intensive operations, and aligning with global sustainability goals for long-term environmental impact.
  
• Sugar and Ethanol Growth: Dalmia targets higher ethanol production, benefiting from the government’s ethanol blending program. This expansion enhances profitability, reduces sugar sector dependency, and strengthens agro-based revenue streams.
  
• Refractories Strengthening: Plans include scaling refractory production, expanding international markets, and developing specialized products to cater to growing demand from the steel, cement, and glass industries, ensuring stable revenue diversification.

How To Invest In Dalmia Stock?

With Alice Blue, investing in Dalmia Bharat stock is simple and hassle-free, with zero brokerage on equity delivery trades. Follow these steps to get started:

• Open a Demat & Trading Account – Sign up on Alice Blue, complete KYC, and activate your account to begin trading.
• Add Funds – Deposit money into your trading account using UPI, Net Banking, or NEFT/RTGS for a seamless investment experience.
• Search & Buy Dalmia Bharat Stock – Absolutely Free – Find Dalmia Bharat Limited in the stock list, choose Market Order (instant buy) or Limit Order (buy at your set price), and confirm your purchase.
• Track & Manage Investments – Monitor your Dalmia Bharat stock holdings, set price alerts, and stay informed with real-time market insights.

Dalmia Group Overview and Revenue Split – Quick Summary

• Dalmia Group was founded in 1935 by Jaidayal Dalmia and has evolved into a multi-sector conglomerate. With key businesses in cement, sugar, refractories, and power, it has played a vital role in India’s industrial development.

• Dalmia Group records annual revenue of ₹15,000 Crores and a net profit of ₹1,350 Crores. With a 1.4% dividend yield, it consistently rewards shareholders, driven largely by robust cement and sugar business performance.

• Dalmia Group began operations with cement manufacturing in 1935, established by Jaidayal Dalmia. Tapping into infrastructure growth, cement became and remains the group’s most significant and profitable business segment.

• Dalmia Group diversified beyond cement into sugar in the 1950s, entered refractories in 1973, ventured into power generation in the 2000s, and expanded cement capacities significantly during the 2010s to fuel continued growth.

• Dalmia Group earns ₹11,500 Crores from cement, ₹1,800 Crores from sugar, ₹900 Crores from refractories, and ₹800 Crores from power. Cement remains the leading revenue contributor across its diversified business portfolio.

• Open a free demat account with Alice Blue in 15 minutes today! Invest in Stocks, Mutual Funds, Bonds & IPOs for Free. Also, trade at just ₹ 20/order brokerage on every order.

Dalmia Group And Its Revenue Across Business Segments – FAQs

We hope you’re clear on the topic, but there’s more to explore in stocks, commodities, mutual funds, and related areas. Here are important topics to learn about.

How Much Revenue Does Wadia Group Make from Each of Its Businesses?	How To Analyze Quarterly Results Of The Companies?	K. M. Mammen Mappillai’s Success Story – From Toy Balloons to Tyre Empire	TVS Motors: 3 Huge Foreign Companies Owned by TVS That You Never Knew	How Pro Traders Control Emotions While Trading Futures & Options
How Much Revenue Does Murugappa Group Make from Each of Its Businesses?	How To Prepare For A Stock Market Correction? – Strategies To Protect And Analyse Your Portfolio	Rakesh Jhunjhunwala’s Success Story – From Humble Beginnings to India’s Warren Buffett	Bajaj Group: Major Foreign Companies Owned That You Might Not Know	Who Is A Fund Manager?
Ravi Jaipuria’s Success Story – From Bottling Beginnings to Beverage Empire	What Are Global Trade Policies? – How Do They Shape Stock Market Dynamics?	Vijay Mallya’s Story – Business Ventures and Legal Challenges	What Foreign Companies Are Owned by Reliance Industries? A Closer Look at Its Global Assets	Difference Between Futures And Options – Which One Suits Your Strategy?
T. V. Sundram Iyengar’s Success Story – From Rural Transport to Industrial Conglomerate	How Venu Srinivasan Built a Legacy with TVS Motor Company	Seth Shiv Narayan Birla’s Success Story – Founding the Birla Business Legacy	Tata Group International Brands List: Companies It Owns Worldwide	How To Combine Fundamental Analysis With Technicals In F&O Trading?
Ardeshir and Pirojsha Godrej Success Story – Pioneers of Indian Industry	How Sameer Gehlaut Built Indiabulls into a Diversified Financial Service	Jamnalal Bajaj’s Legacy – From Visionary Entrepreneur to Industrial Pioneer	What Foreign Companies Are Owned by ONGC Group? A Closer Look at Its Global Assets	Butterfly Spread Vs Condor Spread – Which Is Better?
Ritesh Agarwal’s Success Story – From College Dropout to Hospitality Innovator	How Manoj Bhargava Built a Billion-Dollar Empire with Innovation	Lakshmi Mittal’s Success Story –The Visionary Who Shaped the Steel Industry	How Karsanbhai Patel Built a Global Empire with Nirma	How Margin Requirements Differ In Index Vs Stock Futures
Anand Mahindra’s Success Story – From Family Legacy to Global Business Leader	How Baba Kalyani Took Bharat Forge to the World Stage	Om Prakash Jindal’s Success Story – From Humble Beginnings to Jindal Group Empire	How Hasmukhbhai Parekh Became a Visionary Leader in the Finance Industry	How Vega Impacts Your Option Trades In The Indian Market?
How Did Aadit Palicha and Kaivalya Vohra Revolutionize the Delivery Industry?	How to Identify Undervalued Stocks Using Fundamental Metrics	Azim Premji’s Success Story – From Family Business to Global IT Leader	How Qimat Rai Gupta Built Havells into a Market Leader	Difference between Primary and Secondary Market
Narayana Murthy’s Success Story – From Humble Beginnings to IT Industry Pioneer	What Is Market Depth? – Understanding Bid-Ask Spread & Liquidity	Irfan Razack’s Success Story – From Family Business to Prestige Group Empire	How Chaudhary Raghvendra Singh Built DLF Ltd into a Business Empire	Premarket Trading
Shiv Nadar’s Success Story – From Visionary Entrepreneur to Philanthropic Leader	How Much Revenue Does Titagarh Wagons Make from Each of Its Businesses?	M.R. Jaishankar’s Success Story – From Coffee Plantations to Real Estate Mogul	How K. Nageswara Rao Pantulu Built Amrutanjan and Transformed Indian Healthcare	What is Corporate Action?
What Made Uday Kotak One of India’s Most Influential Business Leaders?	How Much Revenue Does Finolex Group Make from Each of Its Businesses?	What Is Short Selling In A Derivative Market? Risks And Rewards Explained	How Falguni Nayar Built Nykaa into a Beauty Empire	Difference between Fundamental Analysis and Technical Analysis
Kiran Mazumdar-Shaw’s Success Story – From Brewer to Biotech Pioneer	How Much Revenue Does Torrent Group Make from Each of Its Businesses?	What Are Gaps In Stock Market? – Gap Trading Strategies Explained	How Ghazal Alagh Built Mamaearth into a Leading D2C Brand	What are CTT & STT Charges?
Sajjan Jindal’s Success Story – From Visionary Entrepreneur to Industrial Magnate	How Much Revenue Does Ramco Group Make from Each of Its Businesses?	What Is Market Breadth? – Types Of Market Breadth Indicators	How Upasana Taku Built MobiKwik into a Leading Fintech Brand	What is Demat Account
How Did Vijay Shekhar Sharma Build Paytm from Scratch to a Fintech Giant?	How Much Revenue Does Essar Make from Each of Its Businesses?	How Rahul Bajaj Built a Business Empire with Bajaj Group?	How Achal Bakeri Built Symphony into a Global Cooling Giant	ASM full form
How Did Bhavish Aggarwal Revolutionize Indian Mobility with Ola?	How Much Revenue Does JSW Group Make from Each of Its Businesses?	How Did Vikram Kirloskar Shape the Future of Toyota Kirloskar in India?	How Premchand Roychand Shaped India’s Financial Market	Differences Between Futures And Options
How Did Deepinder Goyal Transform Zomato into a Food Delivery Giant?	Which Aditya Birla Business Makes the Most Money? Here’s the Revenue Breakdown!	How Adar Poonawalla Became a Leading Figure in the Vaccine Industry	How Ravi Pandit and Kishor Patil Built KPIT Technologies	Long call option
How Did Sridhar Vembu Build Zoho into a Global SaaS Powerhouse?	Which Shapoorji Pallonji Business Makes the Most Money? – Full Breakdown!	How Salil Parekh Revolutionized Infosys’ Global Growth	How Ajay Bijli Revolutionized the Indian Cinema Experience with PVR	Gold Mini
How a Stock Market Guru Transformed Indian Retail – The DMart Story	Which Hiranandani Business Generates the Most Revenue? Find Out Here!	How Sanjiv Mehta Built a Global Legacy with Hindustan Unilever	Why Every Investor Should Consider Commodities In Their Portfolio?	What is IPO Full Form
How Harsh Mariwala Built Marico into a Household Name?	How Much Revenue Does Apollo Group Make from Each of Its Businesses?	How Naveen Jindal Built Jindal Steel and Power into a Global Powerhouse	Commodity ETFs Vs. Physical Commodities: Which One Is Better?	What Is Treps In Mutual Funds
How Venugopal Dhoot Built Videocon into an Electronics Powerhouse	Where Does Piramal Group Make Its Money? – A Business-Wise Revenue Analysis!	How Rakesh Jhunjhunwala Became One of India’s Most Successful Investors	Understanding The Energy Market: Crude Oil, Natural Gas & Coal	Small Cap Green Energy Stocks
Difference Between NRI Demat Account and Normal Demat Account	Mukesh Ambani Success Story – From Humble Beginnings to Business Empire	How Nandan Nilekani Transformed India’s Digital Landscape	Theta Decay – How Time Works Against Option Buyers	CNC Order
IPO Investing 101 – How To Spot The Winners And Avoid The Losers	Gautam Adani Success Story – From a Small Trading Business to a Global Infrastructure Giant	How Did Ravi Pillai Build RP Group from the Ground Up?	Sector Rotation Strategies – Aligning Investments With Economic Cycles	What is Intraday Trading
How to Analyze Financial Statements of Companies?	Ratan Tata Success Story – From Steering Tata Group to Pioneering India’s Industrial Growth	How Ajay Piramal Built the Piramal Group into a Diversified Conglomerate	How To Use Sector Analysis In Stock Market To Pick Winning Stocks?	Sub Broker Terminal
Macro Analysis – A Trader’s Guide To Understanding Market Trends	Chandrababu Naidu Success Story – Transforming a Modest Dairy Venture to a Leading Dairy Enterprise	How Rahul Bhatia Built IndiGo into India’s Leading Airline	How To Use Spread Trading To Manage Risk In F&O?	What is Nifty?

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.