Financial Performance Summary

Consolidated Financial Results Q1 FY27:

| Metric | Q1 FY27 | Q1 FY26 | Q4 FY26 |

| Sales Volume (Cement) | 10.0 MnT* | 10.7 MnT | Not provided |

| Revenue from Operations | Rs 5,808 Cr | Rs 6,328 Cr | Rs 7,146 Cr |

| Operating EBITDA | Rs 457 Cr* | Rs 779 Cr | Not provided |

| Operating EBITDA Margin | 7.9% | 12.3% | Not provided |

| PAT | Rs 147 Cr* | Rs 376 Cr | Not provided |

| PAT per metric ton | Rs 458 PMT* | Rs 730 PMT | Not provided |

| EPS - Diluted | Rs 7.8 | Rs 19.9 | Not provided |

*Higher MSA volume with parent Ambuja Cements

Operational Metrics Q1 FY27:

  • Kiln Fuel Cost: Rs 1.67/'000 kCal (Q1 FY26: Rs 1.56/'000 kCal, Q4 FY26: Rs 1.65/'000 kCal)
  • Power Cost: Rs 5.6/kWh (Q1 FY26: Rs 6.1/kWh, Q4 FY26: Rs 5.8/kWh)
  • Green Power Share: 31% (Q1 FY26: 26%, Q4 FY26: 31%)
  • Primary Lead: 254 kms (Q1 FY26: 290 kms, Q4 FY26: 273 kms)
  • Direct Dispatch: 52% (Q1 FY26: 51%, Q4 FY26: 50%)
  • Premium Products (% of trade sale): 44% (Q1 FY26: 41%, Q4 FY26: 45%)

Volume and Market Performance:

  • Quarterly sales volume at 10 MnT
  • YoY Trade Share increased by 5 percentage points to 81%
  • Premium product share (as % of Trade sales) increased by 3 percentage points YoY to 44%
  • Witnessed marginal cost reduction sequentially through focused cost optimisation initiatives

Balance Sheet Strength:

  • Net worth: Rs 20,562 Cr
  • Cash & cash equivalents: Rs 375 Cr
  • Maintains highest AAA / A1+ credit ratings from CRISIL and CARE
  • Healthy cash flows continue to sustain the Company's capex programme

RMX Business Performance:

  • Concrete business footprint increased to 119 plants
  • Volume up 17% YoY at 0.97 Mn m3
  • EBITDA: Rs 33 Cr

Business Updates

Capacity Expansion:

  • Trial run has started for 2.4 MTPA grinding unit at Salai Banwa (UP)
  • Kalamboli (MH) expansions to add 1 MTPA capacity in September 2027 quarter

One Cement Platform Amalgamation:

  • SEBI NOC for the proposed amalgamation of ACC with Ambuja received on 4 June 2026
  • Application filed with NCLT on 29 June 2026
  • Transaction expected to be completed during FY'27, subject to regulatory approvals

Green Power Initiative:

  • Green power share increased from 26% to 31% in Q1 YoY

ESG Updates

Certifications & Recognition:

  • Received CII's GreenPro certification for blended cement portfolio
  • Received GRIHA certification for entire B2B & B2C blended cement portfolio
  • Additional recognition for GRIHA typologies for Life Cycle Assessment (LCA) and Innovation based on Environmental Product Declaration (EPD)
  • Recognized as India's Most Sustainable Company 2026 in the Cement Sector by Business Today

Plant Awards:

  • Jamul Plant won Silver Award at 18th CII National EHS Excellence Awards
  • Ametha Plant received British Safety Council International Safety Award 2026 (Merit Category)

Digital Reporting:

  • Launched Digital BRSR for FY 2025-26, providing interactive ESG disclosures

Market Challenges

Impact of West Asia Conflict:

  • Indian cement sector witnessed cost pressures from higher prices of imported fuels (petcoke and thermal coal)
  • Elevated freight and logistics costs resulting from geopolitical developments in West Asia
  • Impact of peak fuel cost inflation expected to coincide with seasonally weaker Q2 due to 60-90 day fuel inventory cycle
  • Company mitigating pressures through fuel mix optimisation, renewable energy adoption, logistics efficiencies, and disciplined cost management

Industry Outlook

  • India's FY'26 GDP growth at 7.7%
  • Cement demand expected to remain soft at ~5% for FY'27
  • Near-term demand may be impacted by seasonal monsoon softness, geopolitical uncertainties, and input cost volatility
  • Long-term outlook remains constructive supported by sustained infrastructure investments, urbanisation, and housing demand

Management Commentary

Mr. Vinod Bahety, Whole-Time Director & CEO, ACC Limited stated: "We have commenced FY'27 with a resilient performance, driven by a higher share of trade volumes and continued premiumization. During the quarter, profitability reflected the impact of planned maintenance of larger Integrated Units, higher MSA with parent Ambuja Cements, even as we continued to prioritize value-led growth and quality earnings."

He added: "Our journey towards building a simpler, stronger and more integrated business continues through the proposed One Cement Platform. Combined with strategic capacity expansions at Salai Banwa and Kalamboli, CiNOC-enabled operational excellence and customer-focused solutions, we have a good visibility of improved performance in the coming quarters. Leveraging the strength of our integrated business model and group synergies, Adani Cement at consolidated level remains committed to delivering approximately Rs 250 PMT cost reductions in FY'27."