Ambuja Cements Q4 FY26: Cost peaks at INR4,500/tonne, INR500/tonne reduction targeted over 2 years

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureAnalyst Day Multiyear TargetsMgmt Evaded Key QuestionInvestor Communications View source PDF

AMBUJACEM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹443.90

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₹441.75

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AI summary

Ambuja Cements posted highest-ever annual volumes of 73.7 MT (up 16% YoY) and normalized EBITDA of INR6,539 cr (up 31%, INR887/MT) for FY26. Q4 cost hit INR4,500/tonne due to underperformance of acquired assets (Penna, Sanghi), higher branding spend, and West Asia war impact on packing costs. Company remains debt-free. Management targets INR250/tonne cost reduction in FY27 and FY28 each, reaching 119 MT capacity by FY27-end with 80 MT volumes. Earlier 155 MT target pushed to ~FY30.

Likely market impact

Near-term cost pressure persists, but management's committed cost reduction roadmap and premiumization strategy signal potential margin recovery ahead.