EDITOR’S SYNOPSIS
Consolidated Financial Highlights Q2 FY27:
Business Updates:
One Cement Platform:
Ahmedabad, 29 October 2026: Ambuja Cements Limited, part of the diversified Adani Portfolio, announced its result for the quarter ended 30th September 2026.
Mr. Vinod Bahety, Whole-time Director and CEO, Ambuja Cements Limited, said, “Our Q2 and H1 FY’27 performance underscores Ambuja’s focus on quality growth despite seasonal and external headwinds. Strengthening trade and premium product mix improved revenue quality, while disciplined execution and cost management supported profitability.
We continue to strengthen the structural drivers of earnings through manufacturing excellence, energy efficiency, logistics optimisation and digitalisation, supported by a debt-free balance sheet. Our growth journey continues, with 4.6 MTPA commissioned in Q2 and another 5.6 MTPA ramping up in H2 FY’27.
The implementation of BCFC infrastructure, a higher share of renewable power, the ramp-up of new capacities and their additional incentives are expected to support performance in H2 FY’27.
We are on track achieving our cost target of Rs 4,250 per tonne by FY’27. Our growth remains trade-led, in line with our strategy, while we continue to strengthen the institutional business through a comprehensive solutions approach with a focus on value and profitability. Volumes are expected to grow ahead of the industry in H2 FY’27, supported by accelerated trade volumes and calibrated institutional sales. Following the recent Rs 10-15 price increase, the industry expects further pricing improvement over the next couple of months.
With the strong support received from shareholders, the proposed merger of ACC & Orient with Ambuja Cements will now proceed to the NCLT for final approvals. The proposed merger is expected to be EPS accretive.”
Industry Outlook:
Looking ahead, near-term conditions remain challenging amid geopolitical conflicts, global uncertainty and higher energy costs, following the monsoon-related headwinds during the quarter. At the same time, structural demand remains supported by infrastructure spending, urbanisation, rural housing and industrial activity.
With our focus on quality growth, premiumisation, operational efficiency, disciplined capital deployment and progress towards the One Cement Platform, we remain well positioned to deliver sustainable, value-led growth.
Business Performance:
Elevated fuel and logistics costs, driven by higher petcoke and coal prices, constrained coal availability, and increased diesel and packaging costs, continue to weigh on industry margins. Ambuja prioritised market discipline, improved product mix and sustainable profitability.
Logistics costs were moderately higher YoY due to higher diesel costs, partly offset by the reduction in primary lead from 265 km to 254 km. Planned shutdowns at major plants have also been successfully completed. Total cost in Q2 stood at Rs 4,410 per tonne, and excluding the impact of geopolitical conflicts, at Rs 4,182 per tonne.
Operational Metrics:
| Particulars (YoY) | Q2 FY’27 | Q1 FY’27 | Q2 FY’26 |
|---|---|---|---|
| Kiln Fuel Cost | Rs 1.87/’000 kCal | Rs 1.66/’000 kCal | Rs 1.60/’000 kCal |
| Power Cost (Net) | Rs 4.8 / kWh | Rs 4.3/ kWh | Rs 6.0 / kWh |
| Green Power share | 61% | 48% | 41% |
| Primary Lead | 254 kms | 249 Kms | 265 kms |
| Direct Dispatch (%) | 57% | 58% | 59% |
| Premium Products (% of trade sales) | 37% | 34% | 35% |
Consolidated Financial Performance:
| Particulars | UoM | Consolidated | ||||
|---|---|---|---|---|---|---|
| Q2 FY’27 |
Q1 FY’27 |
Q2 FY’26 |
H1 FY’27 |
H1 FY’26 |
||
| Sales Volume (Cement) | Mn T | 16.5 | 17.1 | 16.6 | 33.6 | 35.0 |
| Revenue from Operations | Rs. Cr | 9,197 | 9,500 | 9,175 | 18,697 | 19,464 |
| Operating EBITDA & Margin | Rs. Cr | 1,271 | 1,589 | 1,762 | 2,860 | 3,722 |
| % | 13.8% | 16.7% | 19.2% | 15.3% | 19.1% | |
| Rs. PMT | 770 | 931 | 1,061 | 852 | 1,064 | |
| Profit After Tax2 | Rs. Cr | 236 | 660 | 2,3361 | 896 | 3,3771 |
| EPS – Diluted | Rs. | 0.78 | 2.32 | 7.18 | 3.08 | 10.72 |
Notes: 1. Includes income tax provision reversal of Rs 1,697 Cr, 2. Normalized to reported bridge for Profit after tax provided in investor deck.
Balance Sheet Strength:
Update on One Cement Platform:
ESG Updates:
Digitalisation:
Branding and Technical Services:
About Ambuja Cements Limited
Ambuja Cements Limited is the 9th largest cement company globally, a key part of the diversified Adani Portfolio – the country’s fastest-growing portfolio of sustainable businesses. With a cement capacity of 113.5 MTPA across 24 integrated manufacturing plants and 24 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, a partnership with Leilac Limited for low-carbon cement production and a partnership with Coolbrook to deploy zero-carbon RotoDynamic Heater™ (RDH™) technology. Ambuja Cements continues to remain water positive and plastic negative. 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 blended cement products are GreenPro certified, and its innovative products are listed in the GRIHA product catalogue. The Company operates a captive port network with ten terminals for cleaner, cost-effective bulk cement shipments. Recognised among ‘India’s Most Trusted Cement Brand’ by TRA Research, 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 | 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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