Ambuja Cements reported a strong Q2 FY’26 with revenue at ₹9,174 Cr, up 21% YoY. EBITDA reached ₹1,060/PMT. The company is increasing its cement capacity target to 155 MTPA by FY’28, up from 140 MTPA. This growth will be achieved through debottlenecking at a lower capex. The company commissioned 200 MW of solar power, expanding its renewable energy capacity.
Financial Performance Highlights
Ambuja Cements achieved record revenue in Q2 FY’26, reaching ₹9,174 Cr, a 21% YoY increase. This was supported by volume growth. The company’s cost leadership initiatives resulted in a 5% YoY reduction in the cost of sales. Existing assets delivered EBITDA of approximately ₹1,189 PMT, and overall EBITDA stood at ₹1,060 PMT.
Capacity Expansion and Operational Efficiency
The company is increasing its target capacity to 155 MTPA by FY’28, up from the previous target of 140 MTPA, with incremental capacity achieved via debottlenecking at a lower capex of $48/MT. Thirteen blenders are being installed across various plants to optimize product mix and increase the share of premium cement. Debottlenecking plant logistics will help increase capacity utilization by 3% over 24 months.
Sustainability Initiatives
Ambuja Cements commissioned an additional 200 MW of solar power, bringing its total renewable energy capacity to 673 MW, with plans to reach 900 MW by year-end and 1,122 MW by FY’27.
Strategic Developments
The company launched CINOC (Cement Intelligent Network Operations Centre) to enhance operations and integrate AI across the enterprise. Seven vessels, totaling 65,800 DWT, have been ordered to increase sea logistics to 5% of share. Ambuja Cements remains optimistic about delivering double-digit revenue growth and four-digit PMT EBITDA.
Consolidation Updates
The board approved the merger with Ambuja for Sanghi Industries on December 17, 2024, and joint company applications have been filed. Penna Cement also received board approval for a merger, with applications filed on October 16, 2025; both are expected to be completed by the end of FY’26.
Source: BSE
