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Earnings Call Transcript

Ambuja Cements Earnings Call Transcript: Key Takeaways

Ambuja Cements reports Q1 FY27 revenue of ₹9,500 Cr and EBITDA of ₹1,589 Cr. Strategy focuses on 'value over volume' with a 420bps shift towards high-margin trade sales.

Highlights
MarginsEBITDA/ton at ₹931; focus on premiumization and trade sales share.
Demand visibilityStable demand from infrastructure and housing; July trade volumes up 8%.
Management confidenceHigh confidence in 8% annual volume growth guidance.

Growth

EBITDA margin improved 331 bps to 16.7%. Sequential net cost reduced by ₹206 per metric ton.

Outlook

Targeting 119 MT capacity by FY27-end; ₹6,500 Cr annual capex; ₹4,000 cost/ton target by FY28.

Risks

Geopolitical tensions in West Asia impacting fuel/freight costs; diesel shortages impacting logistics.

Last quarter's promises, checked

Delivered

  • Guided 109 MT capacity → delivered 109 MT (= BEAT)
  • Guided 74% trade sales share → delivered 78% (= BEAT)
  • Targeted debt-free status → delivered zero debt (= BEAT)

Partly delivered

  • Guided 80 MT FY27 volume → delivered Q1 run-rate on track (= PARTIAL)

Missed

  • Guided ₹4,000/ton cost exit → delivered ₹4,100/ton (= MISS)
  • Guided ₹7,500 Cr FY26 capex → delivered ₹6,500 Cr (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: AMBUJACEM. Summary written with AI assistance from the document.

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Ambuja Cements Ltd: key numbers

Share price
₹383.80
Market cap
₹94,869 Cr
Revenue (annual)
₹40,656 Cr
Net profit (annual)
₹4,728 Cr
P/E (TTM)
21.7×Sector 33.0×
Promoter holding
67.33%-0.35% QoQ
FII holding
5.63%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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