Ambuja Cements reported industry-leading performance in Q3 FY26, with volume growth at 2x the industry average. Realizations improved INR5 per bag Y-o-Y. The company commissioned a 2.4 million tons grinding unit ahead of schedule. Premium cement accounted for 35% of trade sales. The company expects industry demand to grow by almost 8% in FY26.
Strong Quarterly Performance
Ambuja Cements delivered industry-leading performance in Q3 FY’26, achieving volume growth at twice the industry average. The company attributed this success to stronger market execution and improved availability across trade and non-trade channels.
Key Highlights
- Volumes increased 17% with a market share improvement to 16.6%. Consistent double-digit volume growth for the last 9 months, approximately 19%.
- Trade pricing continues to outperform non-trade.
- Commissioned a 2.4 million tons grinding unit, bringing total capacity to 109 million tons per annum.
- Premium cement accounted for 35% of trade sales, an increase of 31% Y-o-Y.
- The company’s renewable energy footprint now stands at almost 900 megawatts.
Financial Performance
- Quarterly revenue reached INR10,277 crores, up 20%, with improved realizations of INR5 per bag Y-o-Y.
- Profit after tax (PAT) was INR378 crores, up 258%.
- Operating EBITDA was INR1,353 crores, up 53%, and per-metric-ton EBITDA was INR718, up 31%.
Outlook and Strategy
- The company anticipates industry demand growth of around 8% in FY’26.
- Ambuja Cements aims to achieve INR3,650 per ton cost by March ’28.
- The company plans to increase the share of trade vs. non-trade to 70%-30%. December exit trend was 67%-33%, and January already shows 70%-30% trend.
Source: BSE
