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Ambuja Cements (500425) investor relations material

Ambuja Cements Q1 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 25/26 earnings summary31 Jul, 2025

Executive summary

  • Achieved highest-ever quarterly revenue and EBITDA, with sales volume reaching 18.4 million tonnes, up 20% year-over-year, and market share rising by 2% to 15.5%.

  • Major acquisitions, including Orient Cement and Penna Cement, significantly expanded operational capacity and market presence, with integration underway.

  • Maintained a debt-free balance sheet with AAA ratings and a net worth of ₹66,436 crore, continuing strong focus on operational excellence and digital transformation.

  • Recognized as India's Most Trusted Cement Brand for the fourth consecutive year.

  • Board approved unaudited financial results for the quarter and appointed a new internal auditor effective October 1, 2025.

Financial highlights

  • Consolidated revenue for Q1 FY26 was ₹10,289 crore, up 23% year-over-year, with a 4% price gain and premium products now 33% of trade sales.

  • EBITDA reached ₹1,961 crore, EBITDA per tonne at ₹1,069 (up 28% year-over-year), and EBITDA margin at 19.1% (up 3.8 percentage points).

  • PAT at ₹970 crore, up 24% year-over-year; EPS at ₹3.20, up from ₹2.62 year-over-year.

  • Cost per ton for raw material, power, and freight reduced sequentially, supporting margin expansion.

  • Net worth at ₹66,436 crore; cash and cash equivalents at ₹3,000 crore after acquisitions and CapEx.

Outlook and guidance

  • Cement demand growth estimate for FY26 raised to 7–8%, driven by housing, infrastructure, and commercial sectors.

  • Targeting cement capacity of 118 million tonnes by March 2026 and 140 million tonnes by FY28, with 14.6 MTPA under execution.

  • Blueprint to achieve EBITDA of ₹1,500 per tonne by 2028.

  • CapEx guidance for FY26 is ₹9,000–10,000 crore, including payments for ongoing acquisitions and expansions.

  • Results for the quarter are not fully comparable to previous periods due to inclusion of newly acquired entities and changes in segment reporting.

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