Summary:

India’s cement makers expect FY27 to be a healthy growth year, projecting 7- 8% volume growth despite geopolitical uncertainty in West Asia and rising fuel costs. Demand is supported by strong government infrastructure spending, housing activity and ongoing urbanisation. Major companies including UltraTech Cement, Ambuja Cements, Shree Cement, Dalmia Cement and Nuvoco Vistas remain optimistic about medium-term growth prospects. Firms are also focusing on premiumisation and improving trade mix to enhance realisations, even as they face higher input costs linked to crude oil-driven freight, packing and supply chain pressures. Industry players are continuing expansion and efficiency investments. Ambuja Cements targets about 80 million tonnes sales in FY27, while Dalmia Bharat has planned ₹3,200 - 3,400 crore capex. Nuvoco Vistas has allocated ₹900 crore for expansion, and UltraTech Cement remains focused on capacity growth and leadership. Despite short-term cost pressures, strong domestic demand and infrastructure development are expected to sustain growth momentum in FY27.

Source: IBEF

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