Earnings / Investor Update
Ambuja Cements Reports Record FY26 Volume of 73.7 MnT; EBITDA Rises 31% YoY
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Ambuja Cements (Adani Group) reported its highest-ever annual cement volume of 73.7 MnT and EBITDA of ₹6,539 crore (+31% YoY) for FY26, supported by strong operational performance, capacity expansion, and premiumisation strategy
PRICE-SENSITIVE TRIGGER
Event: FY26 Financial Performance & Business Update
Type: Earnings / Investor Update
Impact: Positive
Immediate Effect: Strong earnings momentum and operational scale reinforce growth outlook and investor confidence
Key Metrics:
- Revenue (FY26): ₹40,656 Cr
- EBITDA (FY26): ₹6,539 Cr
- EBITDA Margin (FY26): 16.1%
- PAT (Normalised FY26): ₹2,647 Cr
- Sales Volume (FY26): 73.7 MnT
- Q4 Revenue: ₹10,915 Cr
- Q4 EBITDA: ₹1,464 Cr
- Q4 PAT: ₹569 Cr
Highlight:
- EBITDA: ₹6,539 Cr (+31% YoY)
What Happened ?
Ambuja Cements delivered a record-breaking FY26 performance, driven by:
- Highest-ever annual cement volume
- Strong EBITDA growth
- Continued debt-free balance sheet
- Successful consolidation of acquired assets
The company also shared strategic updates across operations, capacity expansion, ESG, and industry outlook.
key highlights
Operational & Financial Performance:
- Record annual volume of 73.7 MnT
- Revenue growth supported by premiumisation and higher trade share
- EBITDA improved due to cost efficiencies and scale
- Maintained debt-free balance sheet with strong liquidity
Capacity Expansion:
- Total capacity increased to 109 MTPA in FY26
- 10.7 MTPA grinding capacity commissioned across multiple locations
- Additional clinker capacity of 7 MTPA added
- Future expansion pipeline targeting ~119 MTPA
Strategic Development:
- Amalgamation of Sanghi & Penna Cement completed
- ACC and Orient Cement integration progressing (awaiting approvals)
- Commissioning of new clinker line at Jodhpur
- Enhanced digitalisation via CiNOC (real-time monitoring platform)
Operatonal Efficiency:
- Green power share increased to 32%
- Premium products contribution increased to 36%
- Logistics and dispatch optimisation improved efficiency
- Stable fuel and power cost management despite volatility
ESG & Sustainability:
- SBTi-aligned decarbonisation roadmap
- Deployment of advanced technologies (Coolbrook Heater tech)
- Water positive operations maintained
- 9.78 Mn tonnes waste utilised
- 2.25 Mn trees planted
- CSR impact: 3.72 Mn people
Industry Outlook:
- FY27 demand expected to grow ~5%
- Risks from:
- Weak monsoon forecast
- Geopolitical tensions (West Asia)
- Long-term infrastructure demand remains strong
Note:
Despite short-term demand softness, structural growth outlook remains intact
Risk Analysis
Key Risks
- Rising fuel and logistics costs
- Packaging and supply chain constraints
- Demand slowdown due to weak monsoon
- Currency depreciation impact
Worst Case Scenario
- Margin compression if cost inflation persists without corresponding price hikes
Risk Level: Medium
Company Commentary
- FY26 described as a year of resilience and consolidation
- Focus on:
- Premiumisation
- Asset utilisation
- Operational efficiency
- Confidence in long-term infrastructure-led growth
Official Exchange Filing: Ambuja Cements (Adani Group) Limited