Ambuja Cements posts ₹9,500 crore Q1 revenue, targets 119 MTPA capacity by FY27-end

Adani Group-owned Ambuja Cements reported ₹1,589 crore operating EBITDA and a 16.7% margin in Q1 FY2026-27. The company cited stronger trade and premium-product mix, and is targeting 119 MTPA capacity and ₹4,250-per-tonne costs by FY27-end.

— Source publishedTue, 28 Jul, 2026, 16:40 IST·First seen Tue, 28 Jul, 2026, 17:06 IST·Source NDTV Profit

What happened

Adani Group-owned Ambuja Cements reported Q1 FY27 revenue of Rs 9,500 crore and EBITDA of Rs 1,589 crore. Margin rose to 16.7% as trade and premium-product mix

Key facts

  • Q1 FY2026-27 revenue: Rs 9,500 crore
  • Operating EBITDA: Rs 1,589 crore
  • EBITDA margin: 16.7%, up 3.3 percentage points QoQ
  • Premium product share: 34%, up 1 percentage point YoY
  • Trade share: 78%, up 4 percentage points YoY
  • Clinker factor: 63.7%, up 2.1 percentage points YoY
  • Sequential cost reduction: Rs 206 PMT
  • Renewable energy capacity: 973 MW, up 75 MW
  • Green power share: 34%
  • Target capacity: 119 MTPA by end-FY27
  • Target cost: Rs 4,250 PMT by end-FY27
  • Planned cost reduction: approximately Rs 250 PMT

Why this matters

Ambuja’s FY27 capacity target and ₹4,250-per-tonne cost ambition reinforce Adani’s scale-driven consolidation strategy, raising competitive pressure on regional cement players and potential acquisition targets.

What to watch

  • Quarterly EBITDA per tonne and whether the 16.7% margin holds after monsoon season.
  • Progress milestones, capex guidance and commissioning schedule for capacity additions toward 119 MTPA.
  • Trade-share retention above 78% and premium-product contribution to realizations.
  • Cement pricing trends across key Indian regions and competitor capacity commissioning.
  • Petcoke, coal, diesel, freight and power-cost movements relative to the ₹4,250-per-tonne target.
  • Housing, infrastructure and government construction demand indicators.
  • Prioritize clinker, grinding and logistics projects that unlock the 119 MTPA target with lower freight costs.
  • Expand premium cement, ready-mix and value-added building-material offerings through the trade dealer network.
  • Use Adani Group logistics, energy and procurement integration to pursue the ₹4,250-per-tonne cost target.
  • Defend trade-channel share with dealer incentives, regional availability and faster working-capital turns.
  • Balance expansion spending with deleveraging and disciplined capital allocation to protect returns.