Business Highlights:
Strategic Initiatives:
Ahmedabad, 28 January 2026: ACC Limited, part of the diversified Adani Portfolio and among India’s fastest‑growing building materials and solutions companies, delivered a standout performance for the quarter ended 31st December 2025, achieving its highest‑ever quarterly sales volume. The Company’s momentum during the quarter reflects transformative steps, chief amongst which is the announcement of the amalgamation of ACC Limited into Ambuja Cements Limited, establishing a unified ‘One Cement Platform’ that will accelerate its growth trajectory, drive operational excellence, improve capital efficiency, reinforce its industry leadership and support long-term value creation. The performance highlights an emphasis on premium cement and solutions rich ready‑mix concrete (RMX).
Mr Vinod Bahety, Whole-Time Director & CEO, ACC Limited, said: “We have sustained our growth momentum with another strong quarter, delivering our highest‑ever quarterly volumes. Higher trade and premium cement sales, alongside continued expansion in RMX, have supported better realizations than industry peers and strengthened our market position in core regions. We remain focused on resolving specific cost levers as part of our blueprint, particularly power costs, increasing the share of green power, fuel efficiency, improved WHRS and AFR utilization, and tighter logistics costs. The proposed integration into the One Cement Platform is expected to accelerate both efficiency and growth, enabling deeper synergies across procurement, manufacturing and distribution once statutory approvals are completed. Our digitalization agenda under CiNOC is designed to substantially improve productivity and optimize business operations at scale. Our Reliability, Environment, Quality and Safety (RESQ) pillars continue to be the cornerstone of how we run our plants and processes, and we have further tightened systems around these. On the market side, our premium portfolio, led by ACC Gold, continues to deliver superior EBITDA margins, and the increasing share of Trade and Premium is expected to sustain realization advantages. We are grateful to our customers, our expansive dealer and retailer network of over one lakh partners, and the seven‑lakh‑plus influencers (masons/contractors) who power the Adani Cement Parivar. With their support and our relentless emphasis on operational excellence and sustainability, ACC is well‑positioned to extend its growth trajectory and remain a trusted partner in India’s infrastructure story.”
Operational Highlights
Revenue leadership:
Strong brand equity, a differentiated value proposition, and agile supply chain execution reinforced market leadership and lifted realizations
1 Normalised basis excluding one-time gain of govt. grant of Rs.637 Cr in Q3 FY’25
Cost Leadership:
In our targeted cost reduction journey with the planned initiatives, primarily envisages optimisation in Raw Materials, Power & Fuel, Logistics cost
| Particulars (YoY) | Q3 FY26 | 9M FY26 |
|---|---|---|
| Kiln Fuel Cost | Reduced by 1% (Rs.1.68 to Rs. 1.66/’000 kCal) | Reduced by 4% (Rs. 1.67 to Rs. 1.59/’000 kCal) |
| Power Cost | Reduced by 1% (Rs. 6.02 to Rs. 5.95/ kWh) | Reduced by 5% (Rs. 6.33 to Rs. 6.02/ kWh) |
| Green Power (as a % of power consumption) | Increased by 12.6 pp to 31.3% | Increased by 13.7 pp to 29.3% |
| Primary Lead | Reduced by 9 kms at 262 kms | Reduced by 6 kms at 268 km |
| Direct Dispatch (%) | Increased by 3 pp to 52% | Increased by 4 pp to 51% |
Pursuant to the implementation of the new Labour Code in the country with effect from 21st November, 2025, the Company has recognized Rs. 50 crores as an exceptional expense towards additional Gratuity and Leave Encashment obligations
Along with parent company, ACC continues to work on cost leadership and targets to achieve Rs. 3,650/ MT by FY28 under the One Cement Platform. Further details will be shared in due course.
Financial Leadership
Growth Leadership:
Financial Performance for the Quarter and nine months ended December 31, 2025:
| Particulars | UoM | Q3FY’26 | Q3 FY’25 | 9M FY’26 | 9M FY’25 |
|---|---|---|---|---|---|
| Sales Volume (Cement) | Million Tonnes | 11.3 | 9.8 | 31.9 | 27.9 |
| Sales Volume Ready Mix Concrete |
Million M3 | 0.97 | 0.71 | 2.70 | 2.00 |
| Revenue from Operations | Rs. Cr | 6,483 | 5,9721 | 18,816 | 15,8051 |
| Operating EBITDA & Margin | Rs. Cr | 700 | 1,1161 | 2,324 | 2,2311 |
| % | 10.8% | 18.7%1 | 12.3% | 14.1%1 | |
| Rs. PMT | 619 | 1,136 | 727 | 799 | |
| Other Income | Rs. Cr | 58 | 648 | 350 | 879 |
| Profit Before Tax | Rs. Cr | 460 | 1,477 | 1,786 | 2,245 |
| Profit After Tax | Rs. Cr | 404 | 1,092 | 1,899 | 1,651 |
| Profit After Tax (Normalised) | Rs. Cr | 380 | 85 | 1,063 | 645 |
| EPS (Diluted) | Rs. / Share | 21.5 | 58.0 | 100.9 | 87.7 |
One off items:
| Particulars | UoM | Q3FY’26 | Q3 FY’25 | 9M FY’26 | 9M FY’25 |
|---|---|---|---|---|---|
| Profit after Tax Reported | Rs. Cr | 404 | 1,092 | 1,899 | 1,651 |
| Excise duty exemption | Rs. Cr | 637 | 637 | ||
| Interest on income tax | Rs. Cr | 530 | 205 | 530 | |
| Chhattisgarh IDEC2 | Rs. Cr | 82 | 82 | ||
| Impact of New Labour / Wage code | Rs. Cr | (50) | (50) | ||
| Income tax provision reversal | Rs. Cr | 658 | |||
| Tax Impact | Rs. Cr | (8) | (160) | (60) | (160) |
| Total impact on PAT | Rs. Cr | 24 | 1,007 | 836 | 1,007 |
| Profit after Tax Normalised | Rs. Cr | 380 | 85 | 1,063 | 645 |
1. Including non-recurring Govt. grant of Rs.637 Cr in Q3/9M FY’25., normalised EBITDA margin for Q3 FY25 at 9.0%, for 9M FY25 at 10.5%
2.IDEC - Infrastructure Development and Environment Cess
RMX growth trajectory:
Concrete business footprint increased through addition of 14 plants YoY, now 117 plants spread over in 45 cities. Volume up 36% at 0.97 Mn m3 YoY, EBITDA at Rs 72 Cr. up by 56% YoY.
ESG Updates
Industry Outlook
The cement industry is expected to sustain its growth momentum. The demand revival seen in Q3 has continued into Q4, placing the industry on track for growth of around 8% in FY26. Over the longer term, deeper ESG integration and wider adoption of technology‑enabled construction practices will shape how companies compete. Our R&D‑driven, customised cement solutions will continue to support higher Trade and Premium sales, leading to improved realisations. Our institutional customers will benefit from our focus on high‑quality, high‑strength and Green Cement, which has already been approved for use in highways, metro systems and other major structural projects. Adani Cement has grown at twice the industry average and will continue to maintain this leadership position. As we build on improvements in market share, premium mix and realisations, our cost‑leadership blueprint will provide further tailwinds to profitability.
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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