Karachi: Bestway Cement Limited (BWCL) announced an 8% year-over-year increase in earnings for the fiscal year 2026, driven by a modest rise in product offtakes, according to a recent analyst briefing. The company reported earnings of PkR25.8 billion, or PkR43.2 per share, compared to PkR23.9 billion, or PkR40.0 per share, in the previous fiscal year.
According to AKD Securities Limited, BWCL's total dispatches reached 7.0 million tons, marking a roughly 3% increase from the prior year. Net revenue saw a slight growth of 0.5% year-over-year. Despite an increase in capacity utilization from 44% to 46%, BWCL's local market share declined to 16.8% from 17.7% in the same period last year. The company attributed the decrease in market share to competitive forces in the North region, highlighting a strategic decision to maintain reasonable pricing to safeguard margins against cost pressures.
BWCL's management emphasized their commitment to sustaining price levels to protect the company's profitability, rather than aggressively pursuing volume increases in a competitive market environment.