ACC / Q4-FY26 / claim-ledger

Audit the questions that mattered.

ACC · Analyst questions, management answers, and the quality of the response where the ledger is available.

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NegativeQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

Answered directly

63%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

Naven Sardu · ICA Securities

partial

Volume growth flattish YoY; how to achieve 80mt guidance with softer industry?

for the March quarter it has been little muted ... for the FY27 ... we have the visibility in terms of stabilizing the acquired assets ... ongoing expansion which will get commissioned in the next few months ... almost around 10 million tons

Rashi Chopra · Citi

direct

What is current clinker capacity and utilization?

as of now we are sitting on 73 million tons of cleaner capacity and you will be adding another 4 million this year.

Rashi Chopra · Citi

direct

What was the average cost per ton for the quarter?

for the quarter ... we are sitting at almost 4,250 rupees ... plus some of these increases ... so almost we are at now 4,500 rupees a turn for the quarter of March

Rashi Chopra · Citi

partial

Will cost decline 150-200 rupees from internal savings despite industry cost increases?

the 4500 which is for the March quarter has already taken the heat of existing increases of almost 250 rupees. ... you will see a journey which will actually start coming down in passing quarters.

Indrajit Agarwal · CLSA

evasive

Why realization barely moved despite higher trade and premium mix?

the journey has just begun ... you will see it more differentiated benefits coming in the subsequent quarters. ... we have sustained the price levels at 254 rupees a bag compared to in December.

Jashindep Singh Cha · Namora

partial

Why is Ambuja's fixed cost increase higher than peers?

higher focus now on the branding advertisement ... higher repairs and maintenance cost ... few breakdowns also of the acquired assets ... higher heat consumption ... acquired assets still are not coming in the range to our desire levels

Jashindep Singh Cha · Namora

direct

What are target utilizations for Sanghi, Orient, Penna in FY27?

Orient ... operating at full capacity. ... Sangi ... 65 to 70% ... Pena ... 55 to 60%. ... existing assets of Ambuja and FC ... 75 to 80%. ... overall ... 70 75% utilization

Manish Somaya · Caner

direct

How much of FY27 improvement is internal execution vs external normalization?

I will give more weightages on the internal factors ... this is 100% which is controllable by us and if you're not able to achieve the guidance. It's purely because of our internal execution

Pratik Kumar · Jeff

partial

Why cost was 4,500 when earlier guided 4,000-4,100 exit?

we had hit it 4,100 for the month of March ... but then ... escalations of war for example almost 250 rupees which affected us

Kulkit Partney · Goldman Sachs

direct

How important is Nalia railway line for Sanghi ramp-up?

our base model is not linked to Nadi railway line. ... we have already ordered seven vessels ... Sangi will bring the trains and otherwise we are counting on the road movement

Pinatian · HMBC

evasive

Can cement prices be raised to pass on cost inflation?

given the scenario of demand will be very important ... with little subdued and soft ... I would be happy even if the industry gets half of the same.

Rahul Gupta · Morgan Stanley

partial

Is the 500 rupees cost reduction target replacing the earlier 3,650 target?

we are not shying away from our target. ... we still have the runway to go to the earlier target ... 500 is what we can commit right now for the next two years.