Ambuja Cements Q4 FY26 Results and Strategic Reset

Ambuja Cements reported Q4 FY26 results with consolidated volumes up 16% YoY to 73.7 million tonnes but faced cost pressures, achieving normalized EBITDA of INR6,539 crores.
Management announced a strategic reset, delaying capacity expansion targets to FY30 and guiding for FY27 volume growth of 8% to 80 million tonnes amid expected soft industry demand.
The company targets INR250 per tonne cost reduction in FY27 from a peak of INR4,500 per tonne, focusing on operational streamlining and margin expansion through trade and premium sales.
Capex for FY27 is guided at INR6,000-6,500 crores, with a disciplined approach prioritizing organic growth and stabilization of recently acquired assets like Sanghi and Penna.