This document is a media release submitted as a regulatory filing to stock exchanges, providing detailed operational and financial performance for Q2 FY27 (quarter ended September 30, 2026) and business updates.

Consolidated Financial Highlights Q2 FY27

  • Cement sales volume: 16.5 million tonnes (MnT)
  • Revenue from operations: ₹9,197 crore
  • Operating EBITDA: ₹1,271 crore
  • EBITDA margin: 13.8%
  • EBITDA per tonne: ₹770
  • Profit After Tax (normalized): ₹236 crore
  • Diluted EPS: ₹0.78

Half-Yearly Consolidated Financial Performance (H1 FY27)

  • Sales Volume: 33.6 MnT
  • Revenue from operations: ₹18,697 crore
  • Operating EBITDA: ₹2,860 crore
  • EBITDA margin: 15.3%
  • EBITDA per tonne: ₹852
  • Profit After Tax: ₹896 crore
  • Diluted EPS: ₹3.08

Operational and Business Updates

  • Trade volumes increased by 8.6% YoY, with trade share increasing by 6 percentage points to 74% YoY.
  • Premium products rose by 2 percentage points to 37% of trade sales.
  • Commissioned 4.6 MTPA capacity in Q2: Dahej (1.2 MTPA), Salai Banwa (2.4 MTPA), Kalamboli (1.0 MTPA).
  • Stabilizing & ramping up in H2 (3.2 MTPA): Bathinda (1.2 MTPA) and Jodhpur Penna (2 MTPA).
  • Expected commissioning in H2 (2.4 MTPA): Warisaliganj (2.4 MTPA).
  • Total cost in Q2 stood at ₹4,410 per tonne; excluding impact of geopolitical conflicts, cost was ₹4,182 per tonne.
  • Company is on track to achieve cost target of ₹4,250 per tonne by FY27.

Cost Metrics (YoY Comparison)

  • Kiln Fuel Cost: ₹1.87/'000 kCal (Q2 FY27) vs ₹1.66/'000 kCal (Q1 FY27) vs ₹1.60/'000 kCal (Q2 FY26)
  • Power Cost (Net): ₹4.8/kWh (Q2 FY27) vs ₹4.3/kWh (Q1 FY27)
  • Green Power Share: 61% (Q2 FY27) vs 48% (Q1 FY27) vs 41% (Q2 FY26)
  • Primary Lead: 254 km (Q2 FY27) vs 249 km (Q1 FY27) vs 265 km (Q2 FY26)
  • Direct Dispatch: 57% (Q2 FY27) vs 58% (Q1 FY27) vs 59% (Q2 FY26)

One Cement Platform Update

  • Ambuja shareholders approved the proposed amalgamations of ACC Limited and Orient Cement Limited with Ambuja Cements Limited at NCLT-convened meetings on September 28 and 29, 2026.
  • The schemes remain subject to requisite regulatory, statutory and NCLT approvals.
  • Completion is expected in FY27.
  • The proposed merger is expected to be EPS accretive and aims to simplify corporate structure and unlock operating synergies.

Balance Sheet Strength

  • Debt-free balance sheet with net worth of ₹72,238 crore.
  • Cash & cash equivalents: ₹1,070 crore.
  • Maintains highest AAA / A1+ credit ratings from CRISIL, CARE, IndiaRatings & ICRA.

ESG Updates

  • Partnered with Leilac Limited for commercial-scale low-carbon cement pathway at the 6.6 MTPA Sanghipuram plant; pre-feasibility study targeted for completion by December 2026.
  • Coolbrook's RotoDynamic Heater™ technology first commercial use case expected operational by mid-2027.
  • 2025 S&P Global Corporate Sustainability Assessment (CSA) Net Score revised upward from 69 to 80; Gross Score remained at 90/100.
  • Ambuja Cements and ACC secured GreenPro certification for blended cement portfolios; products also achieved GRIHA certification.
  • Adani Cement planted 7.52 million trees till H1 FY'27, advancing towards target of 8.3 million trees.

Digitalisation

  • Deployed IoT sensors across plants and scaled digital manufacturing and logistics solutions including PLMS, Agnigati, Reverse Bidding and Auto SO-to-TRP.

Industry Outlook and Commentary

  • Management commentary from Mr. Vinod Bahety, Whole-time Director and CEO, highlighted focus on quality growth despite seasonal and external headwinds.
  • Near-term conditions remain challenging amid geopolitical conflicts, global uncertainty and higher energy costs.
  • Structural demand remains supported by infrastructure spending, urbanisation, rural housing and industrial activity.
  • Following recent ₹10-15 price increase, industry expects further pricing improvement over next couple of months.
  • Volumes expected to grow ahead of industry in H2 FY27, supported by accelerated trade volumes and calibrated institutional sales.