Stronger Operating Results, Stronger Balance Sheet
Financial Highlights:
Operational Highlights:
Strategic Initiatives
Ahmedabad, 31 October 2025: ACC Limited, part of the diversified Adani Portfolio and the fastest-growing building materials and solutions company, delivered exceptional Q2 FY’26 performance with strong growth in sales volumes and a sharp rise in EBITDA, sustaining momentum through the start of the fiscal year. The Company’s ‘Reimaginaction’ drive continues to bring positive traction across key value levers. This achievement reflects enhanced operational efficiency and a sharper customer-centric approach, supported by a focused transformation agenda, disciplined execution, wider accessibility of premium solutions driven by recent tax reforms, and rapid digital integration across the dealer, contractor and logistics ecosystem.
Mr Vinod Bahety, Whole-Time Director & CEO, ACC Limited, said: “This quarter has been instrumental for the cement sector. Despite the challenges from prolonged monsoons, the sector stands to benefit from several favourable developments including GST 2.0 reforms, the Carbon Credit Trading Scheme (CCTS), and the withdrawal of coal cess. These developments will support steady demand momentum going forward. Salai Banwa, Kalamboli expansion projects will add 3.4 MTPA during this year. Plant debottlenecking will unlock capacity of 5.6 MTPA, Logistics debottlenecking will help improve utilisation levels.
As part of the larger Adani Cement family and under the parentage of Ambuja Cements, ACC is benefitting from the Group’s integrated ecosystem — spanning logistics, renewable energy, and innovation. Ambuja’s strategic investments in this ecosystem are also helping ACC’s expansion, cost improvement and transformation. The upcoming clinker capacities of Ambuja ~ 30 MTPA, 1000 MW of RE power will also be available for ACC under MSA, which will continue its growth momentum. The outlook for the balance of FY’26 remains positive, led by cost improvement, premiumisation and digitalisation.”
Operational Highlights
Capacity:
Cement grinding units at Salai Banwa (2.4 MTPA), Kalamboli (1.0 MTPA) are expected to be commissioned in Q3 FY’26.
Ecosystem Engagement:
Part of Iconic Infrastructure: Lead cement supplier for some of the iconic infrastructure projects in recent times:
GST Rate Rationalisation: GST on cement reduced from 28% to 18% under GST 2.0 reforms wef 22nd September 2025. The entire benefit has been passed on to the customers. In this regard, the Company has put forth wide communication in the national media, social media, communication to the dealers and other channel partners. Overall GST reforms resulting into reduced cement prices have helped aspiring customers prefer Adani Cement’s Premium Products.
Market leadership
Strong brand equity, a differentiated value proposition, and agile supply chain execution reinforced market leadership and lifted realisations
Cost leadership
In our targeted cost reduction journey with the planned initiatives, primarily envisages optimisation in Raw Materials, Power & Fuel, Logistics cost.
| Particulars (YoY) | Q2 FY'26 | H1 FY'26 |
|---|---|---|
| Kiln Fuel Cost | At par (Rs.1.57/’000 kCal) | Reduced by 6% (Rs. 1.66 to Rs. 1.57/’000 kCal) |
| Power Cost | Reduced by 9.0% (Rs. 6.54 to Rs. 5.95/ kWh) | Reduced by 7.0% (Rs. 6.48 to Rs. 6.02/ kWh) |
| Green Power (as a % of power Consumption) | Increased by 16.2 pp to 30.3% | Increased by 14.1 pp to 28.3% |
| Primary Lead | Reduced by 5 kms at 269 kms | Reduced by 5 kms at 271 kms |
| Direct Dispatch (%) | Increased by 6 pp to 52% | Increased by 3 pp to 50% |
| Logistics Cost | Reduced by 4% at Rs 1,041/t | Reduced by 5% at Rs. 1,044/t |
Along with parent company, ACC continues to work on cost leadership and targets to achieve Rs. 3,650/ MT by FY28 and further details will be shared in due course.
Financial Leadership
Financial Performance for the Quarter and Half year ended September 30, 2025:
| Particulars | UoM | Q2 FY’26 | Q2 FY’25 | H1 FY’26 | H1 FY’25 |
|---|---|---|---|---|---|
| Sales Volume (Cement) | Million Tonnes | 10.0 | 8.6 | 20.6 | 18.1 |
| Sales Volume Ready Mix Concrete | Million M³ | 0.90 | 0.61 | 1.73 | 1.28 |
| Revenue from Operations | Rs. Cr | 5,932 | 4,634 | 12,019 | 9,834 |
| Operating EBITDA & Margin | Rs. Cr | 846 | 436 | 1,624 | 1,115 |
| % | 14.3% | 9.4% | 13.5% | 11.3% | |
| Rs. PMT | 849 | 507 | 787 | 616 | |
| Other Income | Rs. Cr | 224 | 159 | 292 | 230 |
| Profit before Tax | Rs. Cr | 763 | 284 | 1,326 | 768 |
| Profit after Tax | Rs. Cr | 1,119* | 200 | 1,495 | 559 |
| EPS (Diluted) | Rs. / Share | 59.4 | 10.6 | 79.4 | 29.7 |
*includes income tax provision reversal of Rs 671 Cr..
RMX growth trajectory:
Concrete business footprint increased through addition of 28 plants YoY, now 116 plants spread over in 45 cities. Volume up 49% at 0.90 Mn m3 YoY, Revenue up 57% at Rs 454 Cr YoY while EBITDA has seen significant improvement.
ESG Updates
Branding and Technical Services
Embarked on a comprehensive Brand Track Research exercise with IPSOS. First phase of study throws up positive trends regarding our brands’ Top of Mind awareness and consideration/preference across key states and shows Adani brand association with the cement and building materials category as being strongly registered across various geographic and consumer & influencer segments.
CiNOC
We are infusing an AI intelligence layer deep into our enterprise fabric, transforming every plant, process, and person into part of a self-learning, high-velocity operating network. Through a web of Agentic AI teammates, we are fusing human judgment with machine precision enabling our systems to sense, decide, and act autonomously across sales, production and logistics. This will bring a paradigm shift in our operations.
Industry Outlook
Cement demand in Q2 FY’26 was moderate and grew 5.2% YoY. With GST reduction from 28% to 18%, improved economic sentiments, higher investments both from public and private sectors, the demand is expected to see uptick, and we stand to our earlier annual growth estimate of 7-8%.
Achievements
Safe Harbour Statement
This press release contains forward-looking statements relating to Ambuja Cements Limited and ACC Limited’s future operations, performance, and financial outlook, which are based on current assumptions and expectations. These statements involve inherent risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors such as changes in market conditions, economic developments, regulatory requirements, industry dynamics, and unforeseen circumstances may impact the company’s performance. Ambuja Cements Limited and ACC Limited undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For a detailed discussion of these risks, please refer to our filings with the Securities and Exchange Board of India (SEBI) and other relevant regulatory authorities
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