ACC Q2 FY 2025-26 Results | Profit Doubles, Strong Volume Growth, Price Recovery

🏗️ ACC Q2 FY 2025-26 Results: Profit Doubles on Strong Cement Demand and Price Recovery

📊 Overview: ACC Delivers Strong Growth in Q2 FY 2025-26

ACC Limited, one of India’s leading cement producers and part of the Adani Group, has reported a robust financial performance for the second quarter of FY 2025-26.
Driven by volume growth, price recovery, and better cost management, ACC’s revenue and profitability have both witnessed strong double-digit growth compared to last year.

The company reported a ~28% YoY increase in revenue and over 100% jump in pre-tax profit, supported by improved demand from the infrastructure and housing sectors.

According to company disclosures and media reports, cement demand rose sharply by 16%, while average cement prices improved by nearly 5% compared to last year.
This combination of higher volumes and better pricing led to strong operating leverage and a substantial profit jump.

🧾 ACC Q2 FY 2025-26: Financial Summary

(Figures rounded; based on company filings and Reuters/Adani Group reports)

💹 Key Highlights: Strong Operational and Financial Momentum

1️⃣ Revenue Growth Driven by Strong Demand

ACC’s total revenue for Q2 FY 2025-26 came in at ₹ 5,817 crore, a 28% YoY growth.
This was largely driven by robust cement demand from the infrastructure and real estate sectors across key markets like Maharashtra, Gujarat, and Madhya Pradesh.

Cement prices also rebounded during the quarter, supported by better demand and lower competition intensity post-monsoon.

2️⃣ Profit More Than Doubled

ACC’s profit before tax (PBT) rose to ₹ 757 crore, more than doubling from ₹ 368 crore in the same quarter last year.
After accounting for taxes, the profit after tax (PAT) stood at ₹ 592 crore, registering a YoY jump of over 100%.

This was achieved on the back of strong operating leverage, cost efficiency, and higher capacity utilisation.

3️⃣ EBITDA and Margin Expansion

The company’s EBITDA margin improved to 16.1%, up from 10.8% in Q2 FY 2024-25, showing clear operational efficiency gains.
ACC benefited from:

• Lower fuel and power costs due to higher green energy mix

• Reduced logistics expenses via supply chain optimisation

• Strong premium cement sales contributing to higher realisation per tonne

4️⃣ Improved Asset and Cost Efficiency

ACC reported significant progress in cost control measures across production and logistics.
Fuel cost per tonne declined 8% YoY, while power cost per tonne fell 5%, thanks to increased reliance on solar and waste heat recovery systems (WHRS).

These savings helped offset input cost inflation and supported the bottom line.

5️⃣ Volume Momentum and Market Share

Cement volume grew by 16% YoY, marking one of the strongest quarters in recent years.
The company also increased its market share in Western and Central India, supported by improved dealer networks and a surge in infrastructure spending.

🔧 Segmental Insights

🧠 Management Commentary and Outlook

During the Q2 FY 2025-26 earnings briefing, the management expressed confidence in maintaining growth momentum through operational excellence, premiumisation, and sustainability.

“ACC continues to deliver strong performance on the back of cost efficiency, technology-driven operations, and a sharper focus on premium products. With rising infrastructure spending and housing revival, we expect sustained demand momentum in H2 FY 2025-26.”
— Vinod Bahety, CEO & MD, ACC Limited

📍 Key Management Guidance Highlights

• Volume Growth: Expected to remain in double digits for FY 2025-26.

• EBITDA Margin: Targeting a sustainable 15–16% range through efficiency gains.

• Capex Plans: Ongoing expansion in North and East India; capacity expected to cross 40 MTPA by FY 2026.

• Sustainability Focus: Aim to achieve 30% green energy mix by FY 2027.

🏗️ Industry Context: Cement Demand Rebound

India’s cement sector is experiencing a demand rebound driven by:

• Higher infrastructure spending by the government

• Urban housing recovery under PMAY and private real estate projects

• Rural construction demand amid improved monsoon and housing support schemes

ACC, being a legacy brand with strong distribution and Adani Group backing, is well-positioned to leverage this upcycle.

💡 Analyst and Market View

Brokerages and analysts have reacted positively to ACC’s results:

• Most houses maintain a “Buy” rating citing strong earnings visibility.

• The stock saw a 3% rise post-results on NSE.

• Analysts expect FY 2025-26 EPS growth of 20–25%, supported by margin gains and capacity expansion.

📉 Stock Market Snapshot (as of Oct 31, 2025)

🌍 Sustainability and Future Strategy

ACC continues to align its operations with green growth and digital transformation goals.
The company increased the use of alternative fuels, low-clinker cement, and renewable power sources across plants.
It also invested in AI-based logistics systems and digital dealer platforms to improve last-mile efficiency.

🧾 Conclusion: ACC Back on a Strong Growth Path

The Q2 FY 2025-26 results of ACC Limited reaffirm the company’s solid position in the Indian cement market.
With strong volume growth, better pricing, and improved cost control, ACC has demonstrated operational excellence under the Adani Group umbrella.

Looking ahead, management’s focus on premiumisation, green energy, and capacity expansion bodes well for sustained growth in FY 2025-26 and beyond.

For investors, the outlook remains positive as ACC capitalises on the infrastructure boom and housing growth cycle, while maintaining healthy margins and profitability.