Ambuja Cements Ltd.Q2 EBITDA ₹1,271 Cr, 30 MT expansion, merger ahead

Ambuja Cements' Q2 FY27 call, held on 29 October 2026, reported consolidated revenue of ₹9,197 crore on cement sales of 16.5 million tons, operating EBITDA of ₹1,271 crore, a margin of almost 14% or ₹770 a ton, and profit after tax of ₹236 crore.

Trade volume grew 8.6% and its share rose to 74%, while overall volume was flat as low-margin institutional sales were cut. Cost was ₹4,410 a ton, or ₹4,182 excluding the geopolitical impact, and management kept its ₹4,250 target for FY27 and ₹4,000 for FY28. The company announced 14 expansion projects adding about 30 million tons of cement capacity for about ₹14,500 crore, to reach 149 million tons by FY29 and 155 million tons by FY30, funded from internal cash flow.

The mergers of ACC and Orient Cement go to the tribunal and are expected to complete this financial year. Management expects second-half volume growth ahead of the industry at a higher single digit and exit utilisation near 75%, but flagged fuel inflation, drought in large states and Q2 utilisation of only 61% to 62%.