Highest quarterly sales of 18.4 MnT, up 20% YoY, Mkt share up 2pp @ 15.5%
Quarterly revenue crossed Rs 10,000 Cr mark, up 23% YoY
Highest quarterly EBITDA at Rs 1,961 Cr, up 53% YoY
EBITDA PMT@ Rs.1,069, up 28% YoY
EDITOR’S SYNOPSIS
- EBITDA margin @19.1%, up 3.8 pp YoY
- Quarterly PAT @ Rs. 970 Cr, up 24% YoY
- Present Cement Capacity of 104.5 MTPA, well poised to achieve planned capacity of 118 MTPA by March 2026.
- Commissioned 57 MW wind power in Q1 FY26, taking Renewable Energy capacity to 473 MW
- Adoption of DIGIPIN to address freight standardisation and hyperlocal marketing
- Launched “NirmAAAnotsav” in exclusive partnership with CREDAI, first event in Ahmedabad with plans for 20
other cities
- Scheme of Amalgamation of Adani Cementation Limited with Ambuja Cements Limited has been approved by NCLT
(Ahmedabad bench) on 18th July 2025
- Ranked as ‘India's Most Trusted Cement Brand 2025’ for 4th year in a row by TRA Research in its Brand Trust
Report 2025
- EPS at Rs 3.20 for the quarter, up 22% YoY, Net worth Rs. 66,436 Cr, continue to remain Debt Free
Ahmedabad, July 31, 2025: Ambuja Cements, the 9th largest building materials solutions company
globally and part of the diversified Adani Portfolio, announced robust financial results for the quarter ended 30th
June 2025. The Company has begun this fiscal year with a high note, supported by value focus, volume growth, channel
engagement, cost efficiencies and well integration of the acquired assets. By blending business reimagination,
future-ready technologies, ESG focus and deep community engagements, Ambuja Cements is redefining scale and impact
in the cement industry.
Mr. Vinod Bahety, Whole Time Director & CEO, Ambuja Cements, said: “Our Q1 results are more than
numbers - they reflect a vibrant mood, a transformation narrative rooted in speed, scale and sustainability. We are
delivering with focus on value, business optimiser, solution focussed premium products, rejuvenated supply chain and
superior brand pull across key markets aided by value unlocking from acquired assets. As we march towards 140 MTPA
ecosystem by FY’28, we remain focused on reimagining cement as a solutions-driven customer-centric business. It’s
pertinent to highlight some of our new business drives like NirmAAAnotsav (in partnership with CREDAI), Gruhalaxmi,
Dhanvarsha, Super Sunday program and others have been very well received across the business stakeholders. Further,
integration of Orient assets has been completed ahead of time with good results from these assets. We have a good
visibility to sustain this performance and well-positioned to lead the next phase of growth with a sustainable
EBITDA of Rs. 1,500 PMT.”
Operational Highlights:
- Ambuja Cements was the lead cement supplier for the world's highest single-arch, Chenab railway bridge, a
testament of superior product quality and brand trust.
- Ambuja Cements through its purpose-built partnership with CREDAI, is powering the nation building goals through
integrated, smart, sustainable, high-performance, and future-ready solutions in housing, construction and
infrastructure.
- Reliability of key manufacturing assets improved significantly, leading to better plant availability, reduced
downtime, and higher operational efficiency and capacity utilisation with higher EBITDA per tonne.
- The Company's acquired assets are now contributing meaningfully in terms of capacity utilisation, and EBITDA
generation, reaffirming the strategic inorganic expansion. wider footprint, expanded market presence, driving
down costs along with increased volume share.
- Ongoing Capex and Opex efficiency initiatives continue to yield strong operational results, positioning the
Company for sustained profitability and competitive advantage.
- Ambuja Cements is getting younger with new assets, digitally smart platform and latest cohort of future young
leaders, fuelling a culture of continuous innovation and excellence.
Revenue:
The strong brand equity backed by differentiated value proposition, impactful sales promotions and rejuvenated supply
chain strengthened the Company's market leadership, boosting overall realisations.
- Highest ever cement sales volume at 18.4 Mn T up 20% YoY.
- Highest ever quarterly revenue at Rs 10,289 Cr. up 23% YoY, supported by higher trade volumes by 2.4% and higher
share of premium products as a % of trade sales @ 33% (up 43% YoY), with solutions oriented product focus,
rejuvenated supply chain and superior brand pull across key markets.
- Market share up ~2pp, @ 15.5%
Cost:
In our targeted cost reduction journey with the planned initiatives, primarily envisages reduction in Power & Fuel,
Logistics Cost and Raw Materials cost optimisation.
- One of the lowest manpower cost of Rs. 223 PMT amongst peers in the industry
- Green power share uptick with every passing quarter, improved by 9.7 pp to 28.1%, target to reach 60% by FY 28.
This will reduce existing power cost of ~ Rs. 5.9/kWh to ~ Rs. 4.5/kWh by FY 28.
- Power consumption PMT of Cement also expected to improve by at least 5 units basis the efficiency of new assets
& efficiency improvements of existing assets.
- Coal cost has improved from Rs. 1.73 to Rs. 1.59 per ’000 Kcal and expected to sustain near these levels.
Importantly, the heat consumption will improve by at least 35 Kcal / Kg of Clinker for various initiatives
outlined, including new Kilns.
- Primary lead distance reduced by 8 km @269 Kms and is expected to further reduce by ~ 50 Km when 140 Mn MT is
achieved. This will help to reduce logistics cost by ~ Rs. 150 / MT, also supported by higher rail/sea
logistics. Current cost Rs. 3.03 PTPK
Balance Sheet strength
- Net worth at Rs. 66,436 Cr, Company remains debt free & continues to maintain highest rating Crisil AAA (stable)
/ Crisil A1+
- For Ambuja Cements (consolidated), business level working capital stands at 30 days, reflecting agility in
unblocking the funds in inventory and receivables
- Healthy cash flows to sustain the Capex program
Digitalisation
Digitisation initiatives continue to be focus area leveraging the business growth with strong focus on EBITDA
maximisation
- AI driven Advance Business Optimiser tools
- End to end seamless applications of Channel partners
- Plants of Future concept progressing well
- First in the industry to adopt DIGIPIN for address standardisation and hyperlocal marketing, will help to reduce
freight cost
Comparison with Global Standards
At Ambuja Cement, we believe that true leadership is defined not just by scale, but by how we measure up to the best
in the world. We are consistently benchmarking our performance across key parameters: energy efficiency, carbon
footprint, water conservation, digital adoption, safety, and innovation against global industry leaders. Our focus
on lower clinker factor, alternative fuel usage, and WHRS integration places us among the most sustainable cement
producers globally.
We are aligning with international frameworks such as the Science Based Targets initiative (SBTi), Global Cement and
Concrete Association (GCCA) guidelines, and Task Force on Climate Related Financial Disclosures (TCFD). Our ESG
disclosures and sustainability roadmaps are designed to meet or exceed global expectations, ensuring that our
practices remain future ready and globally competitive. Annual Reports, Sustainability Reports, Tax Transparency
Report, and Governance Framework are of the highest standards.
Financial Performance for the Quarter ended June 30, 2025:
Particulars |
UoM |
Consolidated |
Standalone |
Q1 FY’26 |
Q1 FY’25 |
Q1 FY’26 |
Q1 FY’25
|
Sales Volume (Cement) |
Mn T |
18.4 |
15.3 |
10.5 |
9.0 |
Revenue from Operations |
Rs. Cr |
10,289 |
8,392 |
5,515 |
4,552 |
Operating EBITDA & Margin |
Rs. Cr |
1,961 |
1,280 |
872 |
646 |
% |
19.1% |
15.3% |
15.8% |
14.2% |
Rs. PMT |
1,069 |
835 |
827 |
714 |
Profit Before Tax |
Rs. Cr |
1,333 |
1,094 |
1,066 |
763 |
Profit After Tax |
Rs. Cr |
970 |
783 |
855 |
567 |
EPS – Diluted |
Rs. |
3.20 |
2.62 |
3.47 |
2.33 |
Update on Mergers:
The Hon’ble National Company Law Tribunal, Ahmedabad Bench (NCLT Ahmedabad) has pronounced the order sanctioning the
Scheme of Amalgamation of Adani Cementation Limited with Ambuja Cements Limited on 18th July 2025. This will give an
access to high grade Limestone reserve of 275 Mn T at Mudhvay, Gujarat and a Jetty enabling waterway distribution
catering to western India markets along with a grinding facility of 1.3 Mn T
ESG Updates
- Ambuja Cements India’s only and globally among the four large-scale cement companies to have their
science-based net-zero and near-term targets validated by the SBTi.
- Launched its Digital BRSR (Business Responsibility and Sustainability Reporting) for financial year 2024-25
which is available on its website: (https://www.ambujacement.com/digital-brsr-2024-25/index.html). This digital
report enables a quick overview and ease of access to information on the Company’s ESG Performance in an
interactive and interesting manner.
- Completed Environment Product Declaration certification for PPC, which is now published at EPD (Environmental
Product Declarations) International, Sweden.
- Increase in Green Power usage by 9.7 pp to 28.1% during the quarter.
- Continues to invest in its initiatives of water conservation, co-processing of waste, use of waste derived
resources and community development programmes in education, healthcare, livelihoods, and infrastructure. The
Company is upskilling the communities through robotics labs, drone labs, rural KPOs, youth skilling, women
empowerment—creating a blueprint for inclusive growth.
- Marking the new era of holistic education in the presence of the board members, the Company inaugurated a new
building of DAV ACC Public School – ‘Kalpshila’ and a heritage wing at ACC’s Kymore plant. Through the Adani
Vidya Daan initiative, the leadership continues to inspire and shape the future of over 10,000 students across
Adani Vidya Mandirs, SEDI and campus institutions at our plants.
Branding and Technical Services
- NirmAAAnotsav – a flagship engagement program series in partnership with CREDAI was launched with first event
in Ahmedabad; plans for 20+ cities this year.
- Engagement Initiatives like ‘CEO ke Saath Baatcheet’ launched for Channel Partners and Contractors through
nationwide outreach programmes, interactions and recognition, reinforcing trust and partnership. This led to a
strong homecoming of >50 dealers, reflecting renewed confidence and shared growth opportunities,
- Adani Certified Technology implemented for 20,473 customer sites, helping deliver stronger, more durable
construction outcomes.
- A total of 317 skill-building workshops conducted, covering 9,077 contractors across regions.
- A special recognition platform – CEO Club was launched, bringing together top-performers across Channel
Partners and Contractors. From certified training and plant visits to safety gear distribution and
family-focused activities, building a community of builders aligned with our strategic vision.
- Engagement through deeper connect and emotional intelligence, connected and rewarded the families of channel
partners through a hybrid platform – DHANVARSHA Gruhalaxmi Soubhagya Awards. The inaugural event brought
together over 50,000 celebrating families of dealers, blending performance with purpose.
- Boosting awareness on premium solutions with Cinema campaigns and Audio Ads on popular music streaming
platforms like Spotify, JioSaavn, Wynk, Gaana, Pocket FM, etc.
- Strategic brand placements during IPL 2025, reaching out to 600M+ audiences.
- Print ads in TOI and ET across Top 8 metro cities, highlighting Ambuja Cements’ role as the lead cement supplier
for the world’s highest single-arch railway bridge across the Chenab River in Jammu & Kashmir.
Learning form Industries and Best Practices to be implemented
Ambuja Cements’ journey is also defined by a deep commitment to continuous learning and innovation from industry’s
best practices, both domestic and international markets. This enables adoption of proven strategies that enhance
productivity, safety, and sustainability. This includes adopting global standards in process automation, green
logistics, alternative fuels, digital transformation initiatives, replicating successful use cases in AI-led
maintenance, smart dispatch, and real-time tracking systems. The Company also draws insights from peers and
cross-industry leaders to elevate its operational excellence, customer-centricity, and governance practices. By
creating an ecosystem of shared knowledge, benchmarking, and best-in-class adoption, Ambuja Cements continues to
lead the way in building the next generation of smart, sustainable, and scalable cement operations.
- World’s 9th largest Cement Company, amongst fastest growing with World’s highest altitude cement plant.
- World’s first cement company to join the Alliance for Industry Decarbonization (AFID), under the International
Renewable Energy Agency (IRENA).
- Committed to Net Zero emissions by 2050. Ambuja along with it’s subsidiary ACC are India’s leading and
globally one of the four large scale cement companies with science-based net-zero targets validated by the SBTi.
- Amongst the few large cement companies in the world which has strategic partnership with Finland-based
‘Coolbrook’ to implement RotoDynamic Heater™ (RDH™) technology, for reducing fossil fuel dependency by
harnessing Renewable Electricity for zero carbon high-temperature process heating.
Outlook
Cement demand during Q1 FY’26 registered 4% growth, compared to the marginal 2% growth during the same period in
FY’25. Growth was largely driven by the Government’s ongoing flagship programmes – PMAY, PMSY, Bharatmala, Sagarmala
and other cement intensive projects. The cement sector’s growth outlook for Q2 FY’26 continues to remain positive.
For FY‘26, we expect cement demand to grow in the range of 7% - 8% backed by sturdy rural and urban demand, modest
pickup in infrastructure spending and a steady recovery in housing & real estate. Ambuja Cements is well-positioned
to capitalise on this growth with its expanding capacity, cost leadership, and sustainability focus.
Achievements
- Ambuja Cements ranked as ‘India's Most Trusted Cement Brand 2025’ consecutively for 4th year in a row by TRA
Research in its Brand Trust Report 2025.
- #GiantsTogether campaign won Bronze in the B2B Film category at the Good Ads Matter Awards 2025.
- Recognised with the ‘GEEF Global Emerging Environmental Excellence Company of the Year 2025’ award in the
Cement Industry category.
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.