Cement companies saw strong volume growth in Q4 FY26, fueled by construction and government spending. Despite rising costs impacting margins, earnings met expectations. For FY27, demand growth is projected to moderate, with capacity additions likely to constrain pricing power. Companies are focusing on cost efficiencies and premiumization to safeguard profitability.

The Indian cement industry is projected to grow 6-7% in FY27E, driven by increased infrastructure spending despite temporary disruptions.

Cement companies saw strong volume growth in Q4 FY26, fueled by construction and government spending. Despite rising costs impacting margins, earnings met expectations. For FY27,…