Ambuja Cements Limited — Investor Meet, 03-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Ambuja Cements reported Q1 FY27 results with Revenue at INR 9,500 Cr, Operating EBITDA of INR 1,589 Cr (16.7% margin, up 331 basis points), and PAT of INR 660 Cr. Net operating cost dropped to INR 4,241 per metric ton, a sequential reduction of INR 206 per ton after absorbing INR 110 per ton from geopolitical impacts.

The company pursued a 'value over volume' strategy, leading to a 7% year-on-year overall volume decline, with trade volumes down 2% and non-trade down 21%. However, July saw an 8% year-on-year increase in trade volumes, and management targets 8% volume growth for FY27. Cost leadership remains a focus, aiming for INR 4,250 per ton by FY27-end and below INR 4,000 per ton by FY28-end, driven by green power, clinker factor, and logistics optimization.

Capacity is set to reach 119 million tons by FY27-end, with 8-10 million tons added annually thereafter. Acquired assets like Orient are performing well, while Penna needs channel development. Some older plants are temporarily suspended for optimization. Management expressed confidence in strategic execution and long-term value creation.