ACC Q1 FY27 results: ₹5,808 crore revenue, eyes capacity push ahead
Synopsis
ACC Ltd's Q1 FY27 numbers tell a story of deliberate trade — lower margins absorbed in exchange for higher-quality, premium-led volumes and a cleaner cost base. With the Ambuja merger now at the NCLT stage and two capacity additions imminent, the real test of the One Cement Platform thesis begins in Q2.
Key Takeaways
ACC Ltd reported consolidated revenue of ₹5,808 crore in Q1 FY27 (April–June quarter).
Operating EBITDA stood at ₹457 crore with a margin of 7.9 per cent ; PAT at ₹147 crore .
Cement sales volume reached 10 million tonnes ; trade sales share rose to 81 per cent , up 5 percentage points year-on-year.
Premium products accounted for 44 per cent of trade sales, up 3 percentage points from a year ago.
Trial runs started at 2.4 MTPA Salai Banwa unit; 1 MTPA Kalamboli expansion due in Q2 FY27 .
Ambuja Cements merger has received SEBI no-objection ; NCLT application filed; deal expected to close in FY27 .
ACC Ltd has opened FY27 on a steady note, posting consolidated revenue from operations of ₹5,808 crore in the April–June quarter (Q1 FY27), as the Adani Group cement major leaned on higher trade volumes and a deliberate premiumisation strategy to navigate operational headwinds. The results were announced on Friday, 25 July 2025.
Quarterly cement sales volume reached 10 million tonnes, with the trade sales share climbing five percentage points year-on-year to 81 per cent. Premium products accounted for 44 per cent of trade sales, up three percentage points from a year earlier.
Key Financial Metrics
Operating EBITDA for the quarter stood at ₹457 crore, translating to a margin of 7.9 per cent. Profit after tax (PAT) came in at ₹147 crore. The company attributed the margin profile to planned maintenance shutdowns at larger integrated plants and elevated material supply agreement (MSA) volumes routed through parent company Ambuja Cements.
What the Management Said
ACC Whole-Time Director and CEO Vinod Bahety described the quarter as resilient given the operational constraints. 'We have commenced FY27 with a resilient performance, driven by a higher share of trade volumes and continued premiumisation. We continued to prioritise value-led growth and quality earnings during the quarter,' he said.
Bahety added that improved performance is expected in the coming quarters, backed by the proposed One Cement Platform, strategic capacity additions, and digital-led operational efficiencies across the Adani cement group.
Capacity Expansion in Motion
Trial runs have begun at ACC's 2.4 MTPA grinding unit at Salai Banwa in Uttar Pradesh. Additionally, the Kalamboli expansion in Maharashtra is on track to add 1 MTPA of capacity during the September quarter of FY27. These additions form part of the group's broader push to scale output and improve cost absorption across its network.
Ambuja Merger and Regulatory Progress
On the proposed amalgamation with Ambuja Cements, ACC confirmed it has received a no-objection certificate from the Securities and Exchange Board of India (SEBI) and has filed an application with the National Company Law Tribunal (NCLT). The merger — which would consolidate operations under the One Cement Platform — is expected to close during FY27, subject to remaining regulatory clearances.
Cost Optimisation and Sustainability
The company achieved marginal sequential cost reduction during the quarter despite headwinds from the West Asia conflict, which affected input logistics. At the consolidated Adani Cement level, the group has committed to delivering approximately ₹250 per metric tonne in cost reductions during FY27.
On sustainability, ACC raised its green power share to 31 per cent of total operations in Q1 FY27, up from 26 per cent a year ago. The company also received the Confederation of Indian Industry (CII) GreenPro certification for its blended cement portfolio, along with GRIHA certification for its B2B and B2C blended cement products.
With capacity expansions imminent and the Ambuja merger progressing through regulatory channels, ACC's trajectory for the remainder of FY27 will hinge on execution speed and the pace of demand recovery in the construction sector.
Point of View
And the company's own explanation — planned maintenance plus elevated MSA volumes to Ambuja — only partially covers the gap. The more consequential question is whether the One Cement Platform, once the merger clears the NCLT, will genuinely unlock the ₹250-per-tonne cost reduction the group has promised, or whether it becomes another integration story that takes longer and costs more than projected. India's cement sector is entering a demand upcycle tied to infrastructure spending, and ACC's ability to capture that upside depends on how quickly Salai Banwa and Kalamboli reach nameplate capacity. The sustainability certifications are a positive signal, but green power at 31 per cent still leaves significant scope — and cost — on the table.
NationPress
24 Jul 2026
Frequently Asked Questions
What were ACC Ltd's Q1 FY27 financial results?
ACC Ltd reported consolidated revenue from operations of ₹5,808 crore in Q1 FY27 (April–June quarter), with operating EBITDA of ₹457 crore at a 7.9 per cent margin and profit after tax of ₹147 crore. Cement sales volume for the quarter stood at 10 million tonnes.
What is the ACC and Ambuja Cements merger status?
ACC has received SEBI's no-objection certificate for the proposed amalgamation with Ambuja Cements and has filed an application with the National Company Law Tribunal (NCLT). The transaction is expected to be completed during FY27, subject to remaining regulatory approvals.
What capacity expansions is ACC undertaking in FY27?
ACC has commenced trial runs at its 2.4 MTPA grinding unit at Salai Banwa in Uttar Pradesh. The Kalamboli plant in Maharashtra is expected to add 1 MTPA of capacity during the September quarter of FY27.
What is the One Cement Platform that ACC refers to?
The One Cement Platform is a proposed unified operational structure that will consolidate ACC and Ambuja Cements following their merger. It is designed to drive cost efficiencies, digital integration, and streamlined capacity utilisation across the combined entity.
How is ACC progressing on sustainability goals?
ACC increased its green power share to 31 per cent of operations in Q1 FY27, up from 26 per cent a year earlier. The company also received CII GreenPro certification for its blended cement portfolio and GRIHA certification for its B2B and B2C blended cement products.
