Ambuja Cements Q1 Results: Volume degrowth of 7% vs FY27 guidance of 8–9%
Ambuja Cements posted a volume degrowth of 7% in Q1, contrasting with its FY27 volume growth guidance of 8–9%. The gap between Q1 actual performance and the full-year target highlights a challenging opening quarter for the company. A meaningful recovery in subsequent quarters would be required for Ambuja Cements to align with its stated annual volume growth objective.
Ambuja Cements plans to expand cement production capacity to 119 MTPA by FY27-end, driven by 10.2 MTPA of new additions. The company is targeting a cost reduction of ₹250/MT to achieve a production cost of ₹4,250/MT. Additionally, the company expects peak fuel cost inflation to coincide with the seasonally weaker Q2 period, highlighting a near-term cost headwind.
Ambuja Cements Records ₹21.33 Crore Block Trade on NSE at ₹440.35 Per Share
Ambuja Cements recorded a block trade on the NSE involving approximately 4,84,379 shares at ₹440.35 per share. The total deal value of the transaction stood at ₹21.33 crores. Block trades of this scale are generally associated with institutional-level participation and are closely monitored by market observers.
HSBC Downgrades Ambuja Cements to Hold with Target Price of ₹490, Sees Margin Recovery Only from FY28
HSBC has downgraded Ambuja Cements to a Hold rating with a target price of ₹490, citing that despite improving sector fundamentals expected in 2HFY27, a sustained recovery in cement prices and margins is likely only from FY28. The brokerage's cautious stance reflects limited near-term upside potential for the stock. The downgrade signals a wait-and-watch approach as the cement sector navigates a gradual recovery phase.
Ambuja Cements Teams Up With Leilac to Scale Low-Carbon Cement Production
Ambuja Cements has announced a strategic partnership with Leilac to develop and scale low-carbon cement production. The collaboration aims to integrate Leilac's specialized low-carbon technology into large-scale cement manufacturing. The move highlights Ambuja Cements' focus on sustainable and environmentally responsible production practices. Specific financial terms and project timelines were not disclosed in the available information.
Jefferies Maintains Buy Rating on Ambuja Cements with Target Price of ₹595
Jefferies has maintained a Buy rating on Ambuja Cements with a target price of ₹595, underpinned by management's confidence in achieving ₹500 per tonne in cost savings over the next two years. The brokerage acknowledges recent underperformance and a slower-than-expected M&A turnaround as near-term headwinds. Visible cost improvement has been identified as the primary catalyst needed to restore investor confidence. The maintained Buy rating reflects Jefferies' view that the recovery pathway remains intact.
Ambuja Cements Records ₹143.97 Crore Block Trade on NSE at ₹429.90 Per Share
Ambuja Cements recorded a significant block trade on the NSE involving approximately 3,349,000 shares at ₹429.90 per share, with a total deal value of ₹143.97 crores. The transaction highlights notable institutional activity in the stock.
Ambuja Cements Sets Capacity Doubling Target by FY30, Projects 8% Volume Growth in FY27
Ambuja Cements has set a target to double its capacity to 119 million tons by FY30, driven by organic growth and optimised use of existing assets. For FY27, the company projects volumes of approximately 80 million tons, reflecting around 8% growth, well above the industry estimate of 5% to 5.5%. Utilisation targets for FY27 range from 55-60% for Penna to 75-80% for existing Ambuja/ACC assets, with a blended target of 70-75%. The company also aims to maintain its 36% share of premium cement in trade sales.
05May 26
Jefferies Neutral, HSBC Bullish: Analyst Divergence on Ambuja Cements Amid Cost and Growth Concerns
Jefferies has maintained a Neutral rating on Ambuja Cements with a cut target price of ₹465, citing a revised growth plan of 119mt versus an earlier 155mt, flattish Q4 costs of approximately ₹4,500/t, and an uncertain cost trajectory despite an expected ₹150–200/t decline from FY26 levels. HSBC retains a Buy rating with a revised target of ₹560, acknowledging a Q4 miss due to flat realizations and higher freight costs but highlighting the company's focus on higher utilisation and a ₹500/t cost reduction for medium-term margin recovery. The divergent analyst views reflect both near-term headwinds and longer-term strategic considerations for the company.
Jefferies Cuts Ambuja Cements Target Price to ₹615 Amid Energy Cost Inflation Concerns
Jefferies maintains Buy rating on Ambuja Cements but cuts target price from ₹735 to ₹615 due to West Asia energy cost inflation of ~₹300/t. The brokerage expects 4-9% EBITDA cuts for FY27-28 with limited pricing pass-through, while Ambuja faces the sharpest estimate reductions due to slower cost turnaround compared to peers.
BofA Maintains Buy Rating on Ambuja Cements Despite Target Price Cut to ₹590
Bank of America maintains its Buy rating on Ambuja Cements but reduces target price to ₹590 from ₹620 due to cost headwinds of ₹200-250/MT from West Asia conflict. The brokerage focuses on price hikes as near-term catalyst while looking beyond Q4 margin pressures.
DAM Capital Upgrades Ambuja Cements to Buy Rating with Rs 500 Target Price
DAM Capital has upgraded Ambuja Cements from Neutral to Buy rating with a target price of Rs 500, reflecting positive sentiment following cement sector upgrades. The upgrade is driven by regional price hikes of Rs 30-50 per bag from April 2026, which are expected to offset cost inflation and support margin recovery across the cement industry.
27Mar 26
Ambuja Cements Records Major Block Trading Activity Worth Rs. 86.72 Crores on NSE
Ambuja Cements recorded major block trading activity on NSE with two transactions worth Rs. 86.72 crores. The trades involved 1,053,587 shares at Rs. 410.70 and 1,057,675 shares at Rs. 410.85, totaling approximately 2.11 million shares. The minimal price variation between transactions suggests coordinated institutional activity in the cement major's stock.
27Mar 26
HSBC Maintains Buy Rating on Ambuja Cements with Target Price of Rs 590
HSBC has maintained its Buy rating on Ambuja Cements with a target price of Rs 590. The brokerage expects capacity additions to peak in FY27, with supply-demand dynamics improving from FY28. Expected April-May price hikes are anticipated to help pass through higher energy costs.
Ambuja Cements: Record Profit, Global Expansion, and Strong Q4 Performance
Ambuja Cements has reported strong financial performance for Q4 and FY23, with annual PAT up 9% to ₹5,158.00 crore and Q4 standalone net profit up 74.51% YoY to ₹928.88 crore. The company reached 100 MTPA capacity, becoming the 9th largest cement company globally. Q4 revenue increased 6% QoQ to ₹9,889.00 crore, with EBITDA at ₹1,867.00 crore and an 18.90% margin. The company aims for 140 MTPA capacity by 2028 and has commissioned 299 MW of renewable energy. A dividend of ₹2.00 per share was declared.
28Apr 25
Ambuja Cements to Announce Q4 Results and Consider Dividend on April 29
Ambuja Cements will release its Q4 and FY25 financial results on April 29. The board meeting will review the results and consider a dividend recommendation. An earnings call is scheduled for 2:00 PM on the same day. The company's trading window is closed until 48 hours after the results declaration.
23Apr 25
Ambuja Cements Completes Acquisition of 46.66% Stake in Orient Cement
Ambuja Cements Limited has completed the acquisition of a 46.66% stake in Orient Cement Limited (OCL), totaling 9,58,73,163 equity shares. The acquisition was executed through two Share Purchase Agreements. Ambuja Cements has also announced an open offer for up to 26% of OCL's expanded share capital at Rs. 395.40 per share, pending compliance with SEBI regulations.