India: Cement producers saw strong sales in the second quarter of the 2026 Fiscal Year (FY2026), due to steady prices and higher sales volumes. Seasonal weakness and maintenance outages did dent performance, but the overall picture remained positive, according to the Business Standard newspaper.
Centrum Broking said that results pointed to 4 - 5% year-on-year demand growth in the second quarter despite weather-related interruptions. Stronger rural activity and ongoing construction kept consumption buoyant. Meanwhile, JM Financial reported that like-for-like cement volumes grew by 7%. Adjusted for acquisitions, consolidated volumes at UltraTech Cement and Ambuja Cements also rose by 7%, while JK Cement saw a 15.1% increase, driven by capacity increases and a higher capacity utilisation rate.
