ACC Q2 FY27 results: Cement sales hit 9.7 MT amid monsoon headwinds
Synopsis
ACC Limited posted 9.7 million tonnes in cement sales in Q2 FY27 despite monsoon headwinds and elevated energy costs, while commissioning new capacity in Uttar Pradesh and Maharashtra. With blended cement now at 85 per cent of volumes and premium products at 47 per cent of trade sales, the Adani Group firm is making a clear push up the value chain even as margin pressure persists.
Key Takeaways
ACC Limited reported Q2 FY27 revenue from operations of ₹5,689 crore for the quarter ended 30 September 2026 .
Cement sales volume reached 9.7 million tonnes ; operating EBITDA stood at ₹401 crore at a margin of 7 per cent .
Trade sales share rose 7 percentage points year-on-year to 78 per cent ; premium products at 47 per cent of trade sales.
Ready-Mix Concrete volumes grew 19 per cent year-on-year to 1.07 million cubic metres .
New capacity commissioned: 2.4 MTPA at Salai Banwa, Uttar Pradesh and 1.0 MTPA at Kalamboli, Maharashtra .
Green power share improved to 34.4 per cent ; S&P CSA net score upgraded to 82 from 72 .
ACC Limited, the Adani Group-owned cement major, on Tuesday, 27 October reported a resilient operational performance for the second quarter of FY27, with cement sales volume reaching 9.7 million tonnes even as the industry navigated monsoon-related disruptions and elevated energy costs. The company's revenue from operations stood at ₹5,689 crore for the quarter ended 30 September 2026, according to its stock exchange filing.
Key Financial Metrics
Operating EBITDA for the quarter came in at ₹401 crore, translating into a margin of 7 per cent, with EBITDA per tonne at ₹414. While these numbers reflect a degree of cost pressure from energy, the company's improving product mix provided a partial offset.
The share of trade sales rose by seven percentage points year-on-year to 78 per cent, signalling a deliberate shift toward higher-margin retail channels. Premium products accounted for 47 per cent of trade sales — up three percentage points sequentially — while blended cement's share improved to 85 per cent from 78 per cent in the corresponding quarter last year.
What the Management Said
Vinod Bahety, Whole-time Director and CEO of ACC Limited, said the company 'delivered a resilient performance in Q2 and H1 FY'27, supported by an improving sales mix and higher premium volumes.' He added that 'while the reported numbers are not strictly comparable due to the impact of MSA, the underlying business momentum remains encouraging, supported by our trade partners.'
Capacity Additions and RMC Growth
ACC's Ready-Mix Concrete (RMC) business posted strong momentum, with quarterly volumes climbing 19 per cent year-on-year to 1.07 million cubic metres. On the capacity front, the company commissioned a 2.4 MTPA greenfield cement grinding unit at Salai Banwa in Uttar Pradesh and an additional 1.0 MTPA capacity at Kalamboli in Maharashtra during the quarter. These additions are expected to deepen the company's footprint in two of India's largest construction markets.
Sustainability Scorecard
ACC's green power share rose to 34.4 per cent from 30.3 per cent a year earlier, reflecting continued investment in renewable energy sourcing. The company's 2025 S&P Global Corporate Sustainability Assessment (CSA) net score was revised upward to 82 from 72, while its gross score remained an industry-leading 89 out of 100.
Outlook
The capacity additions at Salai Banwa and Kalamboli, combined with a rising share of premium and blended cement, position ACC for volume-led growth in the second half of FY27. Industry watchers will monitor whether energy cost pressures ease in Q3 as the post-monsoon construction season gathers pace.
Point of View
But the direction of travel on premium mix and blended cement is clear. The MSA impact complicating year-on-year comparisons is a detail that deserves scrutiny: until ACC provides a clean restated base, the headline resilience narrative is harder to verify. The bigger question for the Adani cement platform is whether capacity additions at Salai Banwa and Kalamboli will translate into pricing power in FY28, or simply add to an already competitive central and western India supply glut.
NationPress
27 Oct 2026
Frequently Asked Questions
What were ACC Limited's Q2 FY27 financial results?
ACC Limited reported revenue from operations of ₹5,689 crore for the quarter ended 30 September 2026, with operating EBITDA of ₹401 crore at a 7 per cent margin and EBITDA per tonne of ₹414.
How much cement did ACC sell in Q2 FY27?
ACC's cement sales volume reached 9.7 million tonnes in Q2 FY27. The company also reported Ready-Mix Concrete volumes of 1.07 million cubic metres, up 19 per cent year-on-year.
What new capacity did ACC commission in Q2 FY27?
ACC commissioned a 2.4 MTPA greenfield cement grinding unit at Salai Banwa in Uttar Pradesh and an additional 1.0 MTPA capacity at Kalamboli in Maharashtra during the quarter, expanding its manufacturing footprint in key markets.
What is the share of premium and blended cement in ACC's sales?
Premium products accounted for 47 per cent of trade sales in Q2 FY27, up three percentage points sequentially. Blended cement's share improved to 85 per cent from 78 per cent in the same quarter last year.
How did ACC perform on sustainability in Q2 FY27?
ACC's green power share rose to 34.4 per cent from 30.3 per cent a year earlier. Its 2025 S&P Global Corporate Sustainability Assessment net score was upgraded to 82 from 72, with a gross score of 89 out of 100.
