Ambuja Cements Limited, part of the Adani Group portfolio, reported its highest-ever annual cement sales volume of 73.7 million tonnes (MnT) for FY26.

The company also reported annual revenue of:

₹40,656 crore

while EBITDA stood at:

₹6,539 crore

The company disclosed the financial and operational performance through a media release submitted to stock exchanges on May 04, 2026.

Ambuja Cements stated that the strong performance was supported by higher cement volumes, better product mix, improved operational efficiencies, and stronger utilization of existing assets.

Quarterly performance also reaches record levels

The company reported its highest-ever quarterly sales volume during Q4 FY26.

Key Q4 FY26 highlights

• Sales volume: 19.9 MnT
• Revenue: ₹10,915 crore
• Operating EBITDA: ₹1,464 crore
• EBITDA margin: 13.4%
• EBITDA per metric tonne: ₹735

Quarterly revenue increased by:

9% year-on-year

while quarterly sales volume grew by:

10% year-on-year

The company also announced a dividend of:

₹2 per equity share

Annual profitability improves strongly

On a normalized basis, the company’s FY26 EBITDA increased by:

31% year-on-year

The company clarified that FY25 included one-time income and GST incentives worth approximately:

• ₹826 crore
• ₹138 crore

Excluding these exceptional items, normalized EBITDA improved significantly in FY26.

FY26 normalized PAT

The company reported normalized profit after tax (PAT) of:

₹2,647 crore

compared to:

₹2,255 crore in FY25

Diluted earnings per share (EPS) stood at:

₹19.0

for FY26.

Ambuja remains debt free

One of the key highlights of the company’s financial position is its debt-free balance sheet.

The company reported:

• Net worth: ₹71,846 crore
• Cash and cash equivalents: ₹1,770 crore

Ambuja also maintained:

AAA / A1+ credit ratings

from CRISIL and CARE.

The company stated that strong cash flows will support ongoing capital expenditure and expansion programs.

Cement capacity reaches 109 MTPA

Ambuja Cements continued its aggressive expansion strategy during FY26.

The company’s total cement capacity increased to:

109 MTPA

during the financial year.

New capacities commissioned in FY26

The company commissioned:

• 10.7 MTPA grinding units
• 7 MTPA clinker capacity

The new facilities include projects at:

• Marwar
• Farakka
• Sankrail
• Sindri
• Krishnapatnam
• Jodhpur
• Bhatapara

Additional expansion planned in H1 FY27

The company plans to further expand cement capacity to approximately:

119 MTPA

during H1 FY27.

Upcoming projects include grinding units at:

• Dahej
• Bhatinda
• Salai Banwa
• Kalamboli
• Jodhpur
• Warisaliganj

The company also plans to add:

4 MTPA clinker capacity

at Maratha.

However, Ambuja stated that future expansion plans are being recalibrated in line with railway policies and optimal asset utilization targets.

The company emphasized disciplined capital allocation and focus on return on capital employed.

Sanghi and Penna merger completed

The company also announced successful completion of the amalgamation of:

• Sanghi Cement
• Penna Cement

with Ambuja Cements.

Sanghi Cement was delisted from stock exchanges effective April 6, 2026.

Additionally, ACC and Orient Cement have filed applications with stock exchanges and are awaiting no-objection certificates from SEBI.

The consolidation reflects Adani Group’s strategy of building a unified cement platform.

Green power share rises sharply

Ambuja continued to strengthen its sustainability initiatives during FY26.

The company’s green power share increased from:

21% in FY25 to 31% in FY26

while Q4 FY26 green power share stood at:

32%

The company is also investing heavily in renewable energy and waste heat recovery systems.

Key sustainability initiatives include

• 1 GW renewable energy capacity by FY28
• 376 MW waste heat recovery systems
• Net-zero target by 2050
• Science Based Targets initiative (SBTi) validated goals

The company also reported:

• 12x water positivity
• 7x plastic negativity

Premium products contribution improves

Ambuja continued focusing on premium cement products.

Premium products contributed:

35% of trade sales in FY26

compared to:

31% in FY25

The company highlighted strong market performance of brands such as:

• Ambuja Kawach
• ACC Gold

Higher premium product share helped improve realizations and value growth.

Digitalisation and automation initiatives continue

The company strengthened its digital transformation initiatives during the year.

Key developments include:

• Cement Intelligent Network Operating Centre (CiNOC)
• IoT-based monitoring systems
• Automated logistics and dispatch systems
• IT-OT network integration
• Cybersecurity enhancements

The company stated that digitalization initiatives are helping improve operational efficiency, reliability, and decision-making.

Cost pressures impact margins

Despite strong operational performance, the company faced cost pressures during FY26 due to geopolitical developments.

The ongoing West Asia conflict impacted:

• Fuel prices
• Diesel costs
• Packaging material availability
• Currency depreciation

The company stated that these pressures are expected to continue during the first half of FY27.

To mitigate rising costs, Ambuja is focusing on:

• Fuel mix optimization
• Renewable energy adoption
• Rail and sea logistics optimization
• Inventory management
• Long-term raw material sourcing

Cement demand outlook remains moderate

Ambuja expects India’s cement industry demand growth to remain around:

5% in FY27

The company cited several factors impacting short-term growth outlook:

• Geopolitical uncertainty
• Fuel price volatility
• Weak monsoon forecasts
• Potential impact on rural demand and housing

However, the company remains positive on India’s long-term infrastructure growth story.

CEO commentary on performance

Commenting on the results, Mr. Vinod Bahety, Whole Time Director and CEO of Ambuja Cements, said FY26 was a year of resilience for the cement sector despite several external challenges.

He stated that Ambuja delivered strong operational performance driven by:

• Higher sales volumes
• Better realizations
• Improved asset utilization
• Operational efficiency improvements

The management also highlighted that FY26 marked a transition phase from expansion to consolidation under the “One Cement Platform” strategy.

India cement industry remains growth-focused

India remains one of the world’s largest cement markets driven by:

• Infrastructure spending
• Urbanization
• Housing demand
• Industrial development
• Government capital expenditure

The Adani Group continues expanding its cement business aggressively to strengthen market share and operational scale.

With ongoing capacity additions and consolidation activities, Ambuja is positioning itself among the leading cement producers globally.

Strong ESG positioning

Ambuja continued strengthening its ESG credentials during FY26.

The company reported improved ESG ratings from:

• S&P Global CSA
• CDP
• Sustainalytics
• CareEdge

The company also continued community and livelihood initiatives impacting:

3.72 million people

through CSR programs focused on:

• Skilling
• Women empowerment
• Technology adoption
• Rural development

  ---

  Join our Telegram Channel for Latest News and Regular Updates.

  ---

  Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.