Ambuja Cements Ltd. (500425.BY) Thursday posted a 17% increase in net profit for the October-December period as sales volume grew and product prices rose.

The unit of Swiss cement maker Holcim Ltd. (HOLN.VX) posted a net profit of INR3.02 billion--up from INR2.58 billion a year earlier--to match the average of estimates in a Dow Jones Newswires poll of 10 analysts.

Sales rose 30% to INR23.39 billion from INR17.88 billion.

--By Prasenjit Bhattacharya, Dow Jones Newswires; 91-11-4356-3358; prasenjit.bhattacharya@dowjones.com