Ambuja Cements Ltd
Ambuja Cements Ltd., a part of the Adani Group, is one of India’s leading cement manufacturers. With a total cement production capacity of 31 million tonnes, the company operates six integrated manufacturing plants and eight cement grinding units across the country. Known for its commitment to quality, innovation, and sustainability, Ambuja Cements has played a key role in the nation’s infrastructure growth. Its extensive network and modern facilities make it a trusted name in the Indian cement industry.
Business Segments
Ambuja Cement’s business model is anchored in the Cement and Ready Mix Concrete segments, serving a wide spectrum of customers from infrastructure and housing projects to individual home builders. These segments drive the company’s revenue, market leadership, and ongoing expansion across India.
Revenue Breakup – Q1 FY25 (₹ Crore)
Segment % of Total Revenue
- Cement : 95.2%
- RMC : 4.8%
- Total : 100%
Shareholding Pattern (July 2025)
Financial Summary
| Particulars | Dec-20 | Dec-21 | Mar-23 | Mar-24 | Mar-25 |
| Sales – | 24,516 | 28,965 | 38,937 | 33,160 | 35,045 |
| Sales Growth % | -9.55% | 18.15% | – | -14.84% | 5.68% |
| Expenses | 19,511 | 22,755 | 33,815 | 26,760 | 29,074 |
| Operating Profit | 5,006 | 6,210 | 5,122 | 6,400 | 5,971 |
| OPM % | 20% | 21% | 13% | 19% | 17% |
| Interest | 140 | 146 | 195 | 276 | 216 |
| Profit before tax | 3,992 | 5,164 | 3,729 | 5,896 | 5,922 |
| Net Profit | 3,107 | 3,711 | 3,024 | 4,735 | 5,158 |
Final Outlook
Ambuja Cement: Final FY26 Outlook with Key Data
Ambuja Cement has started FY26 with record-setting performance, showcasing robust growth across its core financial and operational metrics. The company’s continued strategic expansion, cost efficiency, and market positioning give it a distinctly positive outlook for the year.
Operational Highlights
- Cement Capacity: Now at 104.5 million tonnes; targeted to reach 118 million tonnes by March 2026, and 140 million tonnes by FY28.
- Premium Products: 33% of trade sales, supporting improved price realization.
- Renewable Energy: 57MW wind power commissioned this quarter, boosting total renewable energy capacity to 473MW.
- Integration: Successful acquisition and integration of Orient Cement and other strategic assets.
Industry & Company Outlook
- Cement Demand: Ambuja has revised its FY26 cement demand growth forecast to 7–8%, supported by strong rural and urban demand and increasing infrastructure spending.
- Profitability Focus: Margins are expected to remain strong as operational efficiencies and cost controls continue improving. Ambuja targets sustainable EBITDA of ₹1,500 per metric tonne.
- Expansion: On track for capacity increases and further market share gains. Expansion is funded from healthy internal accruals and a debt-free balance sheet.
- Sustainability: Ambuja is committed to net-zero targets and sustainable operations, validated by SBTi.
Management Commentary
- Vinod Bahety, CEO, emphasizes “a transformation narrative rooted in speed, scale, and sustainability,” citing opportunities to further lead growth cycles in the Indian cement industry.
Final Outlook
Ambuja Cement is expected to maintain its strong growth momentum throughout FY26, driven by record Q1 performance, aggressive capacity expansion, and leadership in premium product segments. With a positive demand environment, enhanced operational efficiency, debt-free status, and strategic support from the Adani Group, Ambuja is well-positioned for further revenue, profitability, and market share gains, making it a top performer and a key leader in India’s cement industry.
The company’s financial data, growth strategy, and industry forecasts indicate sustained robustness and upside potential for the near to medium term.
