New Delhi, May 2 -- Ambuja Cements Ltd's rapid addition to capacity - which surpassed 100 million tonnes per annum (mtpa) after integrating Penna Cement, Sanghi Industries, and most recently Orient Cement - has secured it among the world's major cement companies. But while scale is expanding rapidly, margins continue to trail, keeping investors focused on profitability.

The results announced earlier this week showed that Ambuja's Ebitda (earnings before interest, tax, depreciation and amortisation) per tonne, a key profitability metric for the cement sector, dropped almost 30% to Rs.789 in FY25, highlighting persistent pressure on margins. However, Ebitda per tonne in Q4 rose for the first time sequentially after three straight quarters ...