Cement sector outlook brightens as demand, prices improve: Nuvama Research
It said, "We believe the outlook for the cement space is improving as both volumes and prices are likely to log an uptick going ahead, aided by a low base of FY25E".

It said, "We believe the outlook for the cement space is improving as both volumes and prices are likely to log an uptick going ahead, aided by a low base of FY25E".
Leading listed cement firms like UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat have retained around 7 to 7.5 per cent growth for the cement industry in FY26, following government spending on infrastructure projects and rural recovery.
Revenue from operations was higher at Rs 5,240 crore in Q4 FY25, up from Rs 5073 crore in the year-ago quarter, while the EBITDA remained steady at Rs 1,381 crore, the company said in a statement.
Birla Corporation informed the bourses after a board meeting held on Friday that consolidated total income increased 6.8 per cent at Rs 2,863.14 crore as against Rs 2,680.13 crore in the previous similar period.
Prabhudas Lilladher has put out a report after having interacted with cement dealers across regions in India to access the demand and price scenario in April 2025.
Investors and strategic buyers are also closely observing the ongoing insolvency cases against companies, including Jammu & Kashmir Cements, Kirtiman Cements & Packaging and Gujarat-based Dhara Cements.
Ambuja Cements' net consolidated total income stood at ₹10,461.87 crore in Q4 FY25, a growth of 14.62 per cent from ₹9,127.45 crore it recorded in the similar quarter last year. It's annual volume was up by 10% at 65.2 Mn T.
UltraTech Cement's net consolidated total income stood at ₹23,165.45 crore in Q4 FY25, a growth of 12.70 per cent from ₹20,554.55 crore it recorded in the similar quarter last year.
However, its revenue from operations was down 3.11 per cent to Rs 1,197.30 crore in the March quarter of FY25. This was at Rs 1,235.74 crore in the corresponding quarter last fiscal.
Its revenue from operations was at Rs 5,207.3 crore, up 12.7 per cent in the March quarter. It was at Rs 5,316.75 crore in the corresponding period a year ago.
Dalmia Bharat's net consolidated total income stood at ₹4,184 crore in Q4 FY25, a dip of 5.49 per cent from ₹4,427 crore it recorded in the similar quarter last year.