ACC (ACC) Q1 25/26 earnings summary

Executive summary

• Achieved highest ever quarterly revenue and EBITDA, with sales volume reaching 18.4 MnT, up 20% YoY, and market share rising to 15.5%.

• Maintained debt-free status and highest credit ratings (CRISIL AAA stable, A1/A1+), with net worth at ₹66,436 crore.

• Strong volume growth, price improvement, and cost efficiencies, aided by seamless integration of acquired assets including Orient Cement.

• Significant progress in digitalization, operational excellence, and ESG leadership, including SBTi-validated net zero targets and recognition as 'India's Most Trusted Cement Brand 2025'.

• Unaudited standalone and consolidated financial results for Q1 FY26 were approved by the Board and reviewed by statutory auditors, with no material misstatements identified.

Financial highlights

• Consolidated revenue for Q1 FY26 was ₹10,289 crore, up 23% YoY; EBITDA at ₹1,961 crore, up 53% YoY; PAT at ₹970 crore, up 24% YoY; EPS at ₹3.20, up 22% YoY.

• Sales volume reached 18.4 million tonnes, up 20% YoY; market share increased to 15.5%.

• EBITDA margin improved to 19.1%, up 3.8 percentage points YoY; EBITDA per ton at ₹1,069, up 28% YoY.

• Cost per metric ton improved by ₹119 YoY, with raw material, power & fuel, and freight & forwarding costs reduced by 12%, 3%, and 3% respectively.

• Standalone and consolidated revenue and profit also grew YoY, with standalone revenue at ₹6,014.71 crore and consolidated at ₹6,036.11 crore.

Outlook and guidance

• Cement demand for FY26 expected to grow 7–8%, driven by housing, infrastructure, and commercial sectors.

• Targeting cement capacity of 118 MTPA by March 2026 and 140 MTPA by FY28, with disciplined CapEx and brownfield expansions.

• Blueprint to achieve EBITDA of ₹1,500 per ton by 2028 and green power share of 60% by FY28, reducing power cost per unit to ₹4.5.

• Focus on premiumization, cost optimization, and leveraging group synergies to drive future profitability.

• Management expects no material financial impact from ongoing legal disputes.