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Informist, Friday, Feb. 6, 2026

MUMBAI – Analysts expect shares of cement companies to perform well in the coming week, supported by strong demand. They expect demand for cement to continue in near term. Price hikes in January are likely to be absorbed this month as well on the back of strong demand. However, slight inflation in imported pet coke prices is likely to pose a challenge to the sector.

"Demand showed a gradual improvement across select markets, supported by easing weather conditions, better rural offtake, and resumption of construction activity, though recovery remained uneven in few regions," broking firm Prabhudas Lilladher said in a sector update, after interacting with cement dealers. The pricing trend of the sector is supported by robust demand and supply constraints, the brokerage said. "However, in most North, Central, and South markets, price hikes were either limited, rolled back, or not fully accepted due to uneven demand and competitive intensity," the brokerage said.

Many cement majors are confident in managing the price hikes because of the low-cost inventory they have, Harsh Mittal, equity research analyst at Emkay Global Financial Services, said. "Total capacity coming in between 2025–26 (Apr-Mar) and FY28 will be 170 million tonnes, which could probably disturb the pricing," he said.

The increase in government capital expenditure to INR 12.2 trillion is expected to boost cement demand, Ravleen Kaur, director of CareEdge Ratings, said in a note. Higher spending on roads, railways, metro projects, and urban infrastructure is likely to drive sustained construction activity, he said.

Shree Cement reported an over 21% on-year rise in its net profit for the December quarter to INR 2.79 billion. Its revenue for the quarter grew over 4% on year to INR 44.16 billion. The company's sales reported modest growth as they were adversely impacted by disruptions in operations at its facility in Baloda Bazar, Chhattisgarh.

TOP HEADLINES

* Prism Johnson Oct-Dec consol PAT rises 27% YoY to INR 611.2 million

* UltraTech commissions additional 2.7 mtpa grinding capacity at Aligarh unit

* Earnings Outlook: Shree Cement Q3 PAT, revenue to grow in double digits YoY

* JSW Cement posts INR-1.42-billion consol PAT in Oct-Dec vs loss year ago

* JK Lakshmi Cement ups Durg plant capex to INR 30 bln from INR 25 bln earlier

* JK Lakshmi Cement Oct-Dec consol PAT falls 24% YoY to INR 569.2 million

* GST officials inspect Prism Johnson's manufacturing unit in Maharashtra

* Cement Stocks Outlook: Seen in range; price hikes to support Q4 margin

* Analyst Concall: Ambuja Cements plans INR 100 bln capex in 2026

* Earnings Review: Ambuja Cements Q3 PAT plunges on higher power, fuel costs

Following are the resistance and support levels for key cement stocks for next week as per calculations based on their prices on the National Stock Exchange:

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Reported by Arundathi A R

Edited by Ashish Shirke

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