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Sanghi Industries Ltd

Q2 FY26Cement & Cement Products

Sanghi Industries Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹50
Market cap₹1.3K Cr
Updated23 Aug 2026
Read4 min read

The short version

Ambuja Cements targets double-digit volume growth in the coming quarters, though 20% growth seen recently may moderate as acquired assets mature (Page 13, 14). Ambuja Cements targets ramping up capacity from 107 million tons to 155 million tons by FY '28, implying around 10-15% annual capacity growth.

From Sanghi Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Ambuja Cements targets double-digit volume growth in the coming quarters, though 20% growth seen recently may moderate as acquired assets mature (Page 13, 14).
  • Capacity is expanding from 107 million tons to 118 million by FY '26, around 130-135 million tons by FY '27, and 155 million tons by FY '28 (Page 14).
  • Market share aims to increase to 20%-22% by FY '28, supported by a strong supply chain and brand strength (Page 18).
  • Revenue growth supported by a 3% price gain and 35% share of premium products, which grew 28% Y-o-Y in volume terms (Page 5).

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Profitability & Margins

See what Sanghi Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Ongoing capex program totaling around INR 8,000 crores annually.
  • INR 1,400 crores capex spent in Q2 and INR 2,800 crores in H1.
  • Greenfield and brownfield expansions at multiple sites (Salai Banwa, Marwar Mundwa, Penna Marwar, Dahej, Kalamboli, Bathinda, Jodhpur, Warisaliganj) to be operational by FY '26.
  • Adding approximately 11.2 million tons capacity in FY '26, reaching 118 million tons by year-end.
  • Targeting 155 million tons cement capacity by FY '28, including 15 million tons additional capacity through debottlenecking.
  • Investment in technology upgrades and digital transformation initiatives to improve operational efficiency.

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Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

Guidance-ranked
1Grasim Inds
Rev 1Mar 3
2BIGBLOC Const.
Rev 2Mar 1
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The provided transcript from Ambuja Cements Limited's Q2FY26 earnings call does not explicitly mention details about the current or expected order book or pending orders. The discussion focuses mainly on capacity ramp-up, utilization, debottlenecking, cost efficiencies, and operational highlights such as: - Capacity growth from 107 million tons to 155 million tons by FY '28. - Utilization rates around 65-70% for acquired assets like Sanghi and Penna. - Debottlenecking plans at 13 locations and addition of clinker capacity by 12 million tons through three new kilns.

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Sanghi Industries Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹275 Cr, net loss ₹115 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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  • The Ramco Cement (Q2 FY26)

    Revenue for 2QFY26 stood at ₹2,241.89 Cr (Standalone) and ₹2,245.28 Cr (Consolidated), up 9% YoY from ₹2,049.50 Cr (Standalone) and ₹2,053.94 Cr (Consolidated)…

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Frequently Asked Questions

What were Sanghi Industries Ltd Q2 FY26 results?

Ambuja Cements targets double-digit volume growth in the coming quarters, though 20% growth seen recently may moderate as acquired assets mature (Page 13, 14). Ambuja Cements targets ramping up capacity from 107 million tons to 155 million tons by FY '28, implying around 10-15% annual capacity growth.

What is Sanghi Industries Ltd share price analysis?

Sanghi Industries Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹1,289 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sanghi Industries Ltd planning capital expenditure?

Ongoing capex program totaling around INR 8,000 crores annually.

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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.