Ambuja Cements Q2 FY26 Earnings Results

Ambuja Cements Ltd, part of the Adani Group and a leading cement manufacturer in India, reported outstanding Q2 FY26 results driven by strong volume growth, premium product sales, and a significant tax provision reversal.

Financial Highlights:

• Revenues rose 21.48% year on year to ₹9,174 crore from ₹7,552 crore.
• Total expenses increased 19.18% to ₹8,376 crore from ₹7,028 crore.
• Consolidated net profit soared 364.11% to ₹2,302 crore from ₹496 crore.
• Earnings per share (EPS) jumped 266.15% to ₹7.14 from ₹1.95.

Key Performance Drivers:

• Cement sales volume rose 20% year on year to a record 16.6 million tonnes in Q2.
• EBITDA improved by 58% year on year to ₹1,761 crore, with an EBITDA per ton of ₹1,060, up 32%.
• Significant tax provision reversal of approximately ₹1,697 crore positively impacted net profit.
• Premium cement sales accounted for 47% of trade sales, driving better realizations and margins.
• Capacity expansion plans revised upward to 155 million tonnes by FY28, including debottlenecking initiatives at a capital expenditure of about USD 48/MT.

Outlook:

Ambuja expects cement demand to strengthen supported by GST rate cut on cement, higher infrastructure and housing investments, and positive consumer sentiment. The company is focused on utilization of increased capacity and continued premium product penetration.

The robust financial and operational performance, combined with strategic growth initiatives, positions Ambuja Cements well for sustained long-term growth.

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