Ambuja Cements

Q1 FY27Cement & Cement Products

Ambuja Cements Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹410

Market cap₹1.0L Cr

P/E21.9

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueSlow growth

MarginMargins steady

CapexCapex planned

The short version

Ambuja Cements targets an 8% volume growth for FY27, driven primarily by trade sales, which constitute over 75% of total sales. Ambuja Cements targets an 8% volume growth for FY27, supported by trade volume growth of about 8% seen in July post-Q1 decline.

From Ambuja Cements's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Slow growth

Ambuja Cements targets an 8% volume growth for FY27, driven primarily by trade sales, which constitute over 75% of total sales.
In July (post-Q1), they reported an 8% year-on-year growth in trade volumes, indicating a positive recovery after a decline in Q1.
The focus remains on growing high-margin trade segments and expanding brand equity in key markets, supported by investments in channel development.
New capacity additions of about 10.2 million tons by FY27 are expected to bolster volume growth.
They aim to maintain disciplined execution, premiumization, operational excellence, and digital transformation to sustain revenue growth.

2 more points management made on revenue & sales performance

Profitability & Margins

Ambuja Cements targets an 8% volume growth for FY27, supported by trade volume growth of about 8% seen in July post-Q1 decline.
Cost per ton is expected to reduce from around INR4,241 in Q1 to approximately INR4,000 or below by FY28, aiming for a cumulative INR1,000 reduction from acquisition levels (~INR5,000).
Incremental cost savings of about INR250 per ton are targeted in FY28.
EBITDA improvement is linked to a combination of price and cost management; focus remains on cost efficiency to drive margin expansion.
Green power consumption for captive use is expected to increase, reducing power costs and improving EBITDA.
Investments totaling INR6,500 crores planned over FY27-FY28 aimed at growth and efficiency improvements.

2 more points management made on profitability & margins

See what Ambuja Cements said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Capex for FY27 is around INR 6,500 crores, covering growth and efficiency projects.
Capacity expected to reach 119 million tons by end of FY27.
Organic capacity additions planned for FY28 and FY29, with 8-10 million tons added annually.
Expansion in North India completed, adding almost 5.5 million tons capacity.
West region expansion underway, including Kalamboli adding 1 million tons.
Additional expansions in Bihar, East, and Central regions ongoing.
Temporary suspension (not mothballing) of some old ACC and acquired company plants for optimization before restarting.

2 more points management made on capital expenditure plans

Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

5x potential

1Grasim Inds₹2.2L Cr

Rev 1Mar 3

2BIGBLOC Const.₹567 Cr

Rev 2Mar 1

3₹1.3K Cr

Rev 3Mar 1

4₹3.3L Cr

Rev 3Mar 3

5₹81.3K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No new debt fundraising is planned at the Ambuja operating company level; Ambuja currently has zero debt and manages cash flows through operating cash flows.
The parent company holds debt, but Ambuja's management has not detailed new debt plans or linked it to current Internal Corporate Debt (ICD).
ICDs within approved shareholder limits carry an 8% coupon and are part of the ongoing merger and consolidation process.

2 more points management made on fundraising & capital structure

See what Ambuja Cements said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from Ambuja Cements Limited's July 28, 2026 call does not explicitly mention current or expected order book or pending orders details. However, some relevant insights include: - The company is targeting approximately 8% volume growth for FY27. - Strong momentum and demand traction are seen in key markets like North, West, Central, and East. - In July, an 8% year-on-year improvement in trade volumes was reported, indicating growing demand. - Several capacity expansions are underway or planned (e.g., clinker capacities at Jodhpur commissioned, Maratha expected FY28).

2 more points management made on order book & pipeline

Ambuja Cements — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹10.9K Cr, net profit ₹1.9K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Ambuja Cements's management said in earlier quarters

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Prism Johnson Ltd (Q1 FY27)
Consolidated Revenue Q1 FY27:** ₹1,844 Cr, up 2.7% YoY (Page 42) . Key concall takeaways from Prism Johnson Ltd's Q1 FY27 earnings call — and how it ranks…
The Ramco Cements Ltd (Q1 FY27)
Standalone total revenue for 1QFY27: ₹2,276.18 Cr, up 10% YoY (Page 10) . Key concall takeaways from The Ramco Cements Ltd's Q1 FY27 earnings call — and how it…
Sagar Cements Ltd (Q1 FY27)
No major CapEx planned beyond routine maintenance (~₹30-40 crore annually) till end of FY 2028, focusing on leveraging existing capacity and improving…

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Frequently Asked Questions

What were Ambuja Cements Q1 FY27 results?

What is Ambuja Cements share price analysis?

Ambuja Cements currently shows a neutral. The stock trades at a P/E of 21.9 with a market cap of ₹102,996 Cr. Investors should review the full earnings analysis for detailed insights.

Is Ambuja Cements planning capital expenditure?

Capex for FY27 is around INR 6,500 crores, covering growth and efficiency projects.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.