Ambuja Cements Q1 profit grows 24% to ₹970 cr on record volumes, premium product push

Cement major Ambuja Cements has begun FY26 with a robust performance, as its profit grew 24% year-on-year to ₹970 crore for the April-June quarter of 2025-26, supported by a focus on value, volume growth, channel engagement, cost efficiencies, and the well-integrated acquisition of assets. The quarterly revenue crossed the ₹10,000 crore mark, up 23% YoY.

After the highest ever cement sales volume at 18.4 Mn T, up 20% YoY, during Q1 FY25, Ambuja's market share also grew 2pp to 15.5% during the quarter. EBITDA margin stood at 19.1%, up 3.8 pp YoY. Ambuja's present cement capacity stood at 104.5 MTPA, and it claims to be well poised to achieve the planned capacity of 118 MTPA by March 2026. The earnings per share for the quarter stood at ₹3.20 for the quarter, up 22% YoY, and its net worth at ₹66,436 crore.

“As we march towards a 140 MTPA ecosystem by FY’28, we remain focused on reimagining cement as a solutions-driven customer-centric business," says Vinod Bahety, Whole Time Director & CEO, Ambuja Cements. Bahety asserts that some of its new business drives like NirmAAAnotsav (in partnership with CREDAI), Gruhalaxmi, Dhanvarsha, Super Sunday program and others have been received well across the business stakeholders.

Ambuja says the integration of Orient assets has been completed ahead of time, with good results from these assets. "We have a good visibility to sustain this performance and are well-positioned to lead the next phase of growth with a sustainable EBITDA of Rs. 1,500 PMT.”

Ambuja remains debt-free and continues to maintain the highest rating, Crisil AAA (stable) / Crisil A1+. For Ambuja Cements (consolidated), business-level working capital stands at 30 days, reflecting agility in unblocking the funds in inventory and receivables. The company says it has healthy cash flows to sustain the Capex program. In its ESG updates, the company said it is among the four large-scale cement companies globally to have its science-based net-zero and near-term targets validated by the SBTi.

In its outlook, Ambuja Cements says the demand during Q1 FY’26 registered 4% growth, compared to the marginal 2% growth during the same period in FY’25. "Growth was largely driven by the government’s ongoing flagship programmes – PMAY, PMSY, Bharatmala, Sagarmala and other cement-intensive projects." The cement sector’s growth outlook for Q2 FY’26 continues to remain positive. For FY26, Ambuja expects cement demand to grow in the range of 7%-8%, backed by sturdy rural and urban demand, modest pickup in infrastructure spending and a steady recovery in housing & real estate.

At the time of filing of the report, shares of Ambuja Cements were trading 3.05% down at ₹599 on the NSE.