While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow
Leading cement makers recorded 7-8 per cent volume growth in Q1FY27, but higher fuel, packaging and other input costs offset price gains and weighed on profitability
Adani Group firm Ambuja Cements Ltd on Tuesday reported 36.6 per cent decline in consolidated profit after tax at Rs 660 crore for June quarter FY27 as sales dwindled. In the year-ago period, the profit after tax (PAT) stood at Rs 1,041 crore, according to a regulatory filing from Ambuja Cements Ltd (ACL). Revenue from operations was down 7.51 per cent to Rs 9,474 crore in June quarter FY27. Total sales volume dipped to 17.1 million tonne (MT) from 19.9 MT a year ago. Revenue from cement was at Rs 9,062 crore, down 8.57 per cent during the quarter. Revenue from Ready Mix Concrete was down 20.42 per cent to Rs 507 crore. "Sales volumes moderated as the company remained focused on improving trade mix, rationalizing low margin volumes and push for blended cement. This strategic approach is intended to support value over volume," said ACL in its earnings presentation. Total revenue, which includes other income as well, was down 8.3 per cent to Rs 9,669 crore. During the quarter, ACL
Strong infrastructure demand and a favourable base are expected to drive Q1 FY27 cement volumes, but rising fuel and input costs may weigh on margins despite better realisations
While hyperscaler cloud providers face margin pressures, Wood views memory producers as the most leveraged way to play the relentless AI investment cycle.
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
Ambuja Cements reported a consolidated net profit of ₹1,830 crore in the Q4FY26, up 78.5 per cent from ₹1,025 crore in the year-ago period
Ambuja Cements posts strong Q4 profit driven by tax credits, but rising fuel, freight and input costs, along with West Asia tensions, weigh on margins and outlook
The Adani Group-owned cement maker posted a profit after tax of ₹1,644 crore ($173.06 million) for the quarter ended March 31, up nearly threefold from a year earlier
Analysts at ICICI Securities downgraded Adani Green and Adani Energy to 'Add' rating post Q4 results, citing a sharp rally in the share prices.
For cement manufacturers, the primary concern is the sudden spike in energy costs as the industry relies heavily on imported fuel, which is now becoming significantly more expensive
Adani Group shares rallied up to 3% in Wednesday's intra-day trade, and have outperformed the market thus far in April with gains up to 19 per cent.
In its petition, the Adani Group had sought the dismissal of the SEC lawsuit, claiming a lack of US jurisdiction and an impermissible extraterritorial application of US law.
Despite the two-day rally, in the past one month, cement companies stocks have underperformed the market by falling up to 17%, as against 8% fall in the BSE Sensex.
Ambuja Cements' stock rose as much as 3.04 per cent during the day to ₹465.7 per share, the biggest intraday gain since February 3 this year
Airlines, tyre and paint stocks tumble as crude surges 9 per cent amid Iran-Israel-US tensions. Shares of IndiGo, SpiceJet, JK Tyre, Asian Paints, Berger Paints slide sharply on Monday
Analysts at Centrum Research estimated aggregate industry volumes rose about 13 per cent Y-o-Y and 12 per cent sequentially, aided by a rebound in non-trade demand