Ambuja Cements

Ambuja Cements reported a disappointing Q4 FY26 with cost per ton surging to ₹4,500Current reported value: ₹4,500. No comparable prior figure is available in the source record., well above the earlier target of ₹4,100, driven by higher freight, packing costs from the West Asia crisis, and elevated repairs at acquired assets (Sanghi, Penna). Annual sales volume hit a record 73.7 million tonsCurrent 73.7 million tons. Reported change: +16% YoY. (+16% YoY), but EBITDA per ton at ₹887Current ₹887. Reported change: +12% YoY. missed expectations. Management admitted to execution failures, resetting capacity expansion timelines and guiding for only 8% volume growthCurrent reported value: 8% volume growth. No comparable prior figure is available in the source record. in FY27 to ~80 million tons, below industry growth of 5-5.5%. Cost reduction of ₹250/tonCurrent reported value: ₹250/ton. No comparable prior figure is available in the source record. is targeted for FY27, but Q1 is expected to remain flat at elevated levels. The key risk is that pricing power remains weak, with only ₹10/bag improvement, and cost inflation may persist if global energy prices stay high.