ACC Ltd Q4 FY26 Earnings Analysis
Published 17 Aug 2026 | Cement & Cement Products | Market Cap: ₹26.2K Cr
Price
₹1,321
Market Cap
₹26.2K Cr
P/E Ratio
13.8
Earnings Summary
Ambuja Cements expects consolidated volume growth of around 8%-10% in FY '27, targeting approximately 80 million tonnes, supported by stabilization and ramp-up of acquired assets like Sanghi and Penna, and commissioning of ongoing expansions adding about 10 million tonnes capacity. Ambuja Cements targets volume growth to around 8-10% in FY '27, aiming for about 80 million tonnes, aided by stabilizing acquired assets (Sanghi, Penna) and commissioning ongoing expansions adding ~10 million tonnes capacity.
📊 Revenue & Sales Performance
- →Ambuja Cements expects consolidated volume growth of around 8%-10% in FY '27, targeting approximately 80 million tonnes, supported by stabilization and ramp-up of acquired assets like Sanghi and Penna, and commissioning of ongoing expansions adding about 10 million tonnes capacity.
- →Industry growth is anticipated to be softer at around 5%-5.5% for FY '27, impacted by inflation and weak monsoon.
- →The company plans to focus on optimizing existing capacities and improving utilization rates (e.g., Sanghi at 65%-70%, Penna at 55%-60%, others around 75%-80%).
- →Growth strategy emphasizes trade volume and premium cement sales, with premium products constituting roughly 36% of trade sales, a figure they aim to sustain or improve gradually.
- →Capacity expected to reach roughly 119 million tonnes by end of FY '27, with recalibrated growth plans focusing on disciplined capital allocation and operational efficiency rather than aggressive expansion.
- →Longer-term capacity target shifted from FY '28 to possibly FY '30 due to measured approach and market conditions.
📈 Profitability & Margins
- →Ambuja Cements targets volume growth to around 8-10% in FY '27, aiming for about 80 million tonnes, aided by stabilizing acquired assets (Sanghi, Penna) and commissioning ongoing expansions adding ~10 million tonnes capacity.
- →Cost per tonne peaked at INR4,500 in Q4 FY '26 with an expected reduction journey: INR250/tonne cost reduction targeted in FY '27 and another INR250/tonne in FY '28, aiming for INR4,000 per tonne by March 2028.
- →EBITDA per tonne guidance is cautious; focus is on cost control and premium product mix, with some price improvement (~INR10 in March quarter) but pricing pressure persists due to softer demand.
- →Capex is moderate (INR6,000-6,500 crores in FY '27) focusing on organic growth, optimizing current assets, and selective new projects (Mundra clinker plant, limestone block in Assam).
- →Management believes internal execution and cost improvements will drive margin expansion despite external uncertainties.
- →No formal EPS or profit guidance yet; updates expected in coming quarters as conditions clarify.
🏗️ Capital Expenditure Plans
- →Current capex under execution is around INR4 billion, including capacity expansion, Waste Heat Recovery Systems (WHRS), and fly ash transportation systems.
- →Annual capex guidance is INR65-70 billion for the next 2 years, focused on debottlenecking and maintenance.
- →Two new clinker capacity projects planned: Mundra (2 million tonnes) and Assam (limestone block acquisition) to begin by end of the year, aiming for commissioning within 24-28 months.
- →The Maratha plant will add 4 million tonnes, increasing clinker capacity from 69 to 73 million tonnes.
- →Emphasis on disciplined capital allocation prioritizing organic growth and stabilizing acquired assets (Sanghi, Penna).
- →No immediate plans to aggressively pursue inorganic growth; focus remains on organic expansions and improving existing assets' utilization.
- →Future capex plans are being recalibrated with a more gradual approach, prioritizing capital efficiency and maximizing returns.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were ACC Ltd Q4 FY26 results?
Ambuja Cements expects consolidated volume growth of around 8%-10% in FY '27, targeting approximately 80 million tonnes, supported by stabilization and ramp-up of acquired assets like Sanghi and Penna, and commissioning of ongoing expansions adding about 10 million tonnes capacity. Ambuja Cements targets volume growth to around 8-10% in FY '27, aiming for about 80 million tonnes, aided by stabilizing acquired assets (Sanghi, Penna) and commissioning ongoing expansions adding ~10 million tonnes capacity.
What is ACC Ltd share price analysis?
ACC Ltd currently shows a neutral. The stock trades at a P/E of 13.8 with a market cap of ₹26,178 Cr. Investors should review the full earnings analysis for detailed insights.
Is ACC Ltd planning capital expenditure?
Current capex under execution is around INR4 billion, including capacity expansion, Waste Heat Recovery Systems (WHRS), and fly ash transportation systems.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.