Sector Construction Materials - Latest news, views and updates

Construction Materials

SECTOR | 16 Jun 2026

BP Equities Cement Monthly Update May 2026

Construction Materials

BP Wealth

Construction Materials

SECTOR | 29 May 2026

Top Conviction Ideas - Cement

Construction Materials

Axis Direct

Top Conviction Ideas - Cement

Construction Materials

SECTOR | 15 May 2026

BP Equities Cement Monthly Update April 2026

Construction Materials

BP Wealth

Construction Materials

SECTOR | 11 May 2026

Cement Sector Update Price hikes return; sustainability is the key

Construction Materials

Prabhudas Lilladhar

All-India average price grew INR11/bag MoM to INR333/bag. Dealers remain cautiously optimistic on further price hikes. We interacted with cement dealers across regions in India to assess demand and pricing trends in Apr'26. Our discussions indicate that demand remained mixed during the month, impacted by extreme heatwaves, labour shortages due to elections, weddings and harvesting season, along with temporary disruptions from elections in select states. Despite these challenges, companies were able to implement selective price hikes across several markets, particularly in South and East regions, though...

Construction Materials

SECTOR | 22 Apr 2026

Building Materials Event Update Morbi Restart on Improving Gas Supply

Construction Materials

Prabhudas Lilladhar

Morbi players to implement price hikes of ~8%. We recently interacted with an industry expert in the Indian ceramic tile segment, who shared detailed insights on the evolving dynamics in the Morbi cluster. The discussion highlighted the sharp disruption in operations due to fuel unavailability, significant cost pressures arising from elevated gas prices, and the consequent impact on production and pricing. It also covered challenges in export markets amid geopolitical issues, shifts in fuel mix, supply-demand imbalances due to plant shutdowns, and the gradual recovery expected from May'26 onwards. We believe that with the gradual...

Construction Materials

SECTOR | 09 Apr 2026

Cement Jan-Mar'26 Earnings Preview Higher volumes aid Q4, costs inching up

Construction Materials

Prabhudas Lilladhar

We expect our cement coverage universe to report Revenue/EBITDA/PAT growth of ~14%/27%/52% QoQ and ~8%/-2%/-16% YoY in Q4FY26, driven by seasonally strong demand and sequential improvement in realizations in non-trade segment, partly offset by rising input costs. Demand momentum improved steadily through the quarter, supported by pick-up in construction activity post winter, improving rural offtake and continued infrastructure execution, though some regions witnessed temporary disruptions due to year-end adjustments and festivities. Channel checks indicate healthy demand across most regions, with South and West remaining...

Construction Materials

SECTOR | 06 Apr 2026

Q4FY26 Earnings Preview - Cement

Construction Materials

Axis Direct

Our Top Positive Result Plays: UltraTech Cement and Dalmia Bharat Ltd

Construction Materials

SECTOR | 23 Mar 2026

India Cement Sector Update: Margin Pressure Meet Structural Demand

Construction Materials

Axis Direct

India Cement Sector Update: Margin Pressure Meet Structural Demand

Construction Materials

SECTOR | 13 Mar 2026

BP Equities Cement Monthly Update February 2026

Construction Materials

BP Wealth

Construction Materials

SECTOR | 05 Mar 2026

Building Materials Sector Update Ceramic Tiles Geopolitical headwinds, export-driven tailwinds

Construction Materials

Prabhudas Lilladhar

significant share of exports, is witnessing heightened operational stress. In Q3FY26, Gujarat Gas volumes in Morbi declined sharply by ~50% YoY to ~1.7 mmscmd (vs. 3.4 mmscmd YoY and 2.1 mmscmd QoQ), signaling a meaningful slowdown in production activity. Additionally, lower propane prices (Rs 3/SCM...