AMBUJA CEMENTS LTD.
P&L
Quarterly Consolidated
vs Q3 FY26
Ambuja Cements FY26 EBITDA at ₹6,539 Cr, Up 31% YoY
04 May 2026 · 4 May, 2:21 pm
Summary
Ambuja Cements delivered a resilient performance for the quarter and financial year ended March 31, 2026, achieving its highest ever annual volume of 73.7 MnT and an annual revenue of ₹40,656 crore. The company's FY26 EBITDA increased by a notable 31% year-on-year to ₹6,539 crore on a normalised basis, demonstrating strong operational efficiency with a Q4 FY26 operating EBITDA margin of 13.4%. Mr. Vinod Bahety, CEO, highlighted the company's focus on stabilising new capacities and strengthening operating efficiency, supported by a debt-free balance sheet. While acknowledging a soft industry outlook for FY27 due to geopolitical challenges and monsoon forecasts, Ambuja Cements is actively implementing cost-mitigation measures and expects industry demand around 5%.
Key Highlights
- 1
Ambuja Cements achieved its highest ever annual volume of 73.7 MnT for the financial year 2026.
- 2
The company's FY26 EBITDA increased by a significant 31% year-on-year on a normalised basis, reaching ₹6,539 crore.
- 3
Q4 FY26 recorded the highest ever quarterly revenue at ₹10,915 crore, representing a 9% growth compared to the previous year.
- 4
Operating EBITDA for Q4 FY26 stood at ₹1,464 crore, with an associated margin of 13.4%.
- 5
Ambuja Cements successfully maintained a debt-free balance sheet, showcasing strong financial health.
- 6
The amalgamation of Sanghi and Penna Cement with Ambuja Cements was successfully completed, marking a key strategic consolidation.
- 7
The Board of Directors recommended a dividend of ₹2 per equity share for the financial year.
Management Comments
Vinod Bahety
FY 26 has been year of resilience for the Cement sector which has witnessed consolidation, GST 2.0 reforms on one side, while adverse weather conditions, global geo-political factors and state elections affected some or the other way. Against this backdrop, Ambuja Cements delivered a resilient performance for the year with highest ever annual volume of 73.7 MnT, revenue of Rs 40,656 Cr, EBITDA at Rs 6,539 Cr (Rs 887 PMT) and normalised PAT of Rs 2,647 Cr. For Q4 FY 26, we have sustained the performance at volume of 19.9 MnT, revenue of Rs 10,915 Cr & EBITDA at Rs 1,464 Cr. Volumes grew well ahead of the industry, followed by improved realisations driven by a higher share of trade & premium products, and better utilisation of the existing assets. FY26 marked a transition from expansion to consolidation with significant progress on ‘One cement platform’ wherein Sanghi and Penna merged successfully with Ambuja. We remain focused on stabilising new capacities, strengthening operating efficiency and improving asset utilisation, supported by a debt‑free balance sheet, strong liquidity and the highest credit ratings. While India’s long-term infrastructure growth story remains fundamentally strong, the outlook for FY’27 growth remains soft due to current geopolitical challenges and early forecast of below normal monsoon. We expect industry demand at ~ 5% for FY 27.
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