Ambuja Cements (ACEM)'s 1QCY21 results highlight the company's continued focus on cost reduction, leading to 62% YoY growth in EBITDA. Volumes grew 25% YoY on the lower base of Mar'20. The commissioning of the MarwarMundwa capacity (in 3QCY21) should result in a volume CAGR of 11%, in line with the industry, over CY2023E....