Consolidated Financial Highlights Q4FY’26:
Important Updates:
Impact of West Asia Conflict:
* On Normalised Basis (excluding one-time income of Rs 826 Cr and GST incentive of Rs 138 Cr in FY’25)
Ahmedabad, 4 May 2026: Ambuja Cements Limited, part of the diversified Adani Portfolio and the world’s 9th largest building materials solutions company, delivered a sustainable performance for the quarter and financial year ended 31st March 2026.
Mr. Vinod Bahety, Whole Time Director and CEO, Ambuja Cements Limited, said, “FY 26 has been year of resilience for the Cement sector which has witnessed consolidation, GST 2.0 reforms on one side, while adverse weather conditions, global geo-political factors and state elections affected some or the other way. Against this backdrop, Ambuja Cements delivered a resilient performance for the year with highest ever annual volume of 73.7 MnT, revenue of Rs 40,656 Cr, EBITDA at Rs 6,539 Cr (Rs 887 PMT) and normalised PAT of Rs 2,647 Cr. For Q4 FY 26, we have sustained the performance at volume of 19.9 MnT, revenue of Rs 10,915 Cr & EBITDA at Rs 1,464 Cr.
Volumes grew well ahead of the industry, followed by improved realisations driven by a higher share of trade & premium products, and better utilisation of the existing assets.
FY26 marked a transition from expansion to consolidation with significant progress on ‘One cement platform’ wherein Sanghi and Penna merged successfully with Ambuja. We remain focused on stabilising new capacities, strengthening operating efficiency and improving asset utilisation, supported by a debt‑free balance sheet, strong liquidity and the highest credit ratings.
While India’s long-term infrastructure growth story remains fundamentally strong, the outlook for FY’27 growth remains soft due to current geopolitical challenges and early forecast of below normal monsoon. We expect industry demand at ~ 5% for FY 27.”
Operational Performance:
Cost:
| Particulars (YoY) | Q4 FY26 | FY26 |
|---|---|---|
| Kiln Fuel Cost | Rs 1.61/’000 kCal1 (Q4FY’25 - Rs 1.58/’000 kCal) |
Rs 1.61/’000 kCal (FY’25 - Rs 1.66/’000 kCal) |
| Power Cost | Rs 5.9/ kWh (Q4FY’25 – Rs 5.9/kWh) |
Rs 6.1/ kWh (FY’25 – Rs 6.2/kWh) |
| Green Power share | 32% (Q4FY’25 – 26%) |
31% (FY’25 – 21%) |
| Primary Lead | 262 kms (Q4FY’25 – 263 kms) |
261 kms (FY’25 – 265 kms) |
| Direct Dispatch (%) | 61% (Q4FY’25 – 61%) |
61% (FY’25 – 58%) |
| Premium Products (% of trade sales) | 36% (Q4FY’25 – 32%) |
35% (FY’25 – 31%) |
1. Higher fuel cost in Q4FY’26 because of the prevailing energy situation arising from geopolitical events.
Balance Sheet Strength:
Consolidated Financial Performance:
| Particulars | UoM | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Sales Volume (Cement) | Mn T | 19.9 | 18.2 | 73.7 | 63.5 |
| Revenue from Operations | Rs. Cr | 10,915 | 9,981 | 40,656 | 35,3361 |
| Operating EBITDA & Margin | Rs. Cr | 1,464 | 1,868 | 6,539 | 5,9711 |
| % | 13.4% | 18.7% | 16.1% | 16.9%1 | |
| Rs. PMT | 735 | 1,028 | 887 | 9401 | |
| PAT2 (Normalised) | Rs. Cr | 569 | 856 | 2,647 | 2,255 |
| EPS – Diluted | Rs. | 7.4 | 4.2 | 19.0 | 17.5 |
1. Including one-time income, Excise Duty refund (Gagal and Darlaghat plant) of Rs
826 Cr and GST incentive of Rs 138 Cr in FY’25. Excluding this, the Normalised EBITDA for FY’25 is Rs
5,006 Cr with Margin 14.6% (EBITDA of Rs 789 PMT) vs Normalised EBITDA of FY’26 Rs 6,539 Cr
with Margin 16.1% (EBITDA of Rs 887 PMT) an improvement of 31% YoY
2. Reconciliation of
‘Reported PAT to Normalized PAT’ provided in investor deck
slide no 23
Capacity Expansion:
* Less: Capacity with higher operating cost used selectively (Jamul & Sindri) – 1.6 MTPA, total capacity 117 MTPA
Strategic Engagements:
ESG Updates:
Digitalisation:
Branding and Technical Services:
Impact of West Asia Conflict:
Industry Outlook:
Cement demand remained strong through FY26. However, demand growth for FY27 is expected to remain soft at ~5%, factoring in early forecasts of a below normal monsoon, which could adversely impact agricultural output and housing demand, as well as ongoing West Asia conflicts leading to fuel price volatility. The Company continues to focus on strengthening brand penetration, scaling up trade sales, and driving premiumisation across its portfolio. India’s long term infrastructure growth outlook remains strong despite near term geopolitical challenges.
About Ambuja Cements Limited
Ambuja Cements Limited is the 9th largest building materials solutions company globally, a key part of the diversified Adani Portfolio – the country’s fastest-growing portfolio of sustainable businesses. With a cement capacity of 109 MTPA across 24 integrated manufacturing plants and 22 grinding units, Ambuja Cements is at the forefront of building a greener, stronger India. The Company is accelerating its decarbonisation journey through investments in 1 GW of renewable energy (solar + wind), 376 MW of Waste Heat Recovery Systems (WHRS) by FY’28, and a strategic partnership with Coolbrook to deploy zero-carbon RotoDynamic Heater™ (RDH™) technology. Ambuja Cements has achieved 12x water positivity and 7x plastic negativity. It is committed to net-zero by 2050, being amongst the four large-scale building materials companies in the world, with its near-term and net-zero targets validated by the Science Based Targets initiative (SBTi). Its innovative products are listed in the GRIHA product catalogue, and the Company operates a captive port network with ten terminals for cleaner, cost-effective bulk cement shipments. Recognised among ‘India’s Most Trusted Cement Brands’ by TRA Research and ‘Iconic Brands of India 2024’ by The Economic Times, Ambuja Cements is the world’s first cement manufacturer to join the Alliance for Industrial Decarbonization (AFID), a global alliance facilitated by IRENA and a member of LeadIT, first global high-level initiative on reaching net-zero emissions from heavy industry.
| For media queries, please contact: | For investor relations, please contact: |
| Roy Paul | CA. Deepak Balwani |
| Adani Portfolio | Ambuja Cements Limited |
| Tel: 91-79-25556628 | Tel: 91-79-68253847 |
| roy.paul@adani.com | deepak.balwani@adani.com |
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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