ACC (ACC) Q3 25/26 earnings summary

Executive summary

• Achieved industry-leading cement volume growth, with 53.8 MTPA for 9MFY'26 (up 19% YoY), quarterly volume at 18.9 MTPA (up 17% YoY), and market share rising to 16.6% with consistent double-digit growth.

• Amalgamation of ACC, Orient Cement, and Ambuja Cements progressing, expected to create a unified platform for scale, operational excellence, and market leadership, pending regulatory approvals.

• Premium cement volumes rose 31% YoY, now 35% of trade sales, with strong performance from flagship products.

• Integration and optimization of acquired assets improved capacity utilization from 37% to 58% YoY, with December exit at 65%.

• Senior management changes and approval of unaudited financials for the quarter and nine months ended December 31, 2025.

Financial highlights

• Highest ever quarterly sales volume at 18.9 million tons, up 17% YoY; quarterly revenue reached INR 10,277 crore, up 20% YoY.

• PAT (normalized) at INR 378 crore for Q3FY'26, up 258% YoY; 9MFY'26 normalized PAT at INR 1,984 crore, up 42% YoY.

• Operating EBITDA at INR 1,353 crore for Q3FY'26, up 53% YoY; 9MFY'26 EBITDA at INR 5,075 crore, up 24% YoY.

• Net worth at INR 69,854 crore; company remains debt-free with top credit ratings.

• Standalone and consolidated EPS for Q3 FY26: ₹28.83 and ₹21.52, respectively.

Outlook and guidance

• Double-digit volume and revenue growth expected to continue, with a target of 155 MTPA capacity and Rs 1,500 EBITDA PMT by March 2028.

• Cost leadership initiatives to achieve INR 3,650 per ton by March 2028; confident of 80% utilization on acquired assets.

• CapEx guidance of INR 10,000 crore annually for growth and efficiency, with 8 million tons of new capacity to be commissioned in the current quarter.

• The company continues to monitor regulatory changes, including new labour codes and legal matters.