Cement – Sector Update – Resilient demand keeps pricing intact in July
Published on 31 Jul 2026
Q2 is typically the weakest quarter for the cement industry, with monsoon-led disruptions often resulting in weaker pricing. In this backdrop, sustaining current price levels itself would be a positive outcome, even if fresh price hikes fail to materialize. While elevated P&F, freight and other costs due to reignited middle east crisis continue to warrant better realizations, the delayed and uneven monsoon has so far supported construction activity across several markets, making the demand trajectory over the coming months the key monitorable. We continue to maintain positive stance on companies having diversified market presence and better cost management which should continue gaining market share over the long term. Top Picks: UTCEM & JKCE
