ACC (ACC) Q1 25/26 earnings summary

Executive summary

• Achieved highest ever quarterly sales volume of 18.4 million tonnes, up 20% YoY, with revenue surpassing ₹10,000 crore, a 23% increase YoY, and EBITDA rising 53% to ₹1,961 crore, driven by robust demand, price gains, and successful integration of acquisitions.

• Premium product sales rose to 33% of trade sales, up 43% YoY, and the company remains debt free with a net worth of ₹66,436 crore and top-tier credit ratings.

• Cement capacity stands at 104.5 MTPA, on track to reach 118 MTPA by March 2026 and 140 MTPA by FY28 through brownfield expansions and debottlenecking.

• Commissioned 57 MW wind power in Q1 FY26, increasing renewable energy capacity to 473 MW, with green power share at 28.1%.

• Recognized as 'India's Most Trusted Cement Brand 2025' for the fourth consecutive year.

Financial highlights

• Consolidated revenue for Q1 FY26 was ₹10,289 crore, up 23% YoY; EBITDA at ₹1,961 crore, up 53% YoY; PAT at ₹970 crore, up 24% YoY; EPS at ₹3.20, up 22% YoY.

• EBITDA margin improved to 19.1% from 15.3% YoY; EBITDA per ton increased 28% YoY to ₹1,069.

• Net worth increased to ₹66,500 crore as of Q1 FY26, up from ₹63,811 crore in March 2025.

• Cash and cash equivalents at ₹3,000 crore after acquisitions, capex, and dividend payments.

• Costs per ton for raw material, power & fuel, and freight & forwarding reduced by 12%, 3%, and 3% respectively YoY.

Outlook and guidance

• Cement demand expected to grow 7–8% in FY26, driven by housing, infrastructure, and commercial sectors, with government projects supporting bullish industry outlook.

• Targeting cement capacity of 118 MTPA by March 2026 and 140 MTPA by FY28, with 21 million tonnes of expansion groundwork underway.

• Blueprint to achieve EBITDA of ₹1,500 per metric ton by 2028.

• Focus on premiumization, cost optimization, and leveraging group synergies to drive future profitability.

• Cost reduction initiatives focus on power, fuel, logistics, and raw material optimization, with green power share targeted to reach 60% by FY28.