Sector Construction Materials - Latest news, views and updates

Construction Materials

SECTOR | 15 May 2026

BP Equities Cement Monthly Update April 2026

Construction Materials

BP Wealth

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

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...

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

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...

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

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...

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

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

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

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

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

Construction Materials

SECTOR | 13 Mar 2026

BP Equities Cement Monthly Update February 2026

Construction Materials

BP Wealth

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

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...

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

Construction Materials

SECTOR | 03 Mar 2026

Cement Monthly Update Healthy demand, Pricing to follow

Construction Materials

Prabhudas Lilladhar

Dealers expect prices to improve meaningfully from April onwards, as yearend volume push eases, while demand is expected to remain healthy. We interacted with cement dealers across regions in India to assess demand and pricing trends in Feb'26. Our discussions indicate that demand remained healthy across most markets, with steady offtake supported by infrastructure activities and seasonal construction momentum, though some regions witnessed temporary slowdown due to Holi and year-end adjustments. Pricing trends were mixed MoM, as aggressive volume push ahead of March closing led to price corrections in select North and South markets, while East and West...

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.

Construction Materials

SECTOR | 25 Feb 2026

Manthan Building Materials Plastic Pipe Sector Rising PVC prices, drive realisations & market share gains

Construction Materials

Prabhudas Lilladhar

In the international market, PVC resin prices have risen to USD 740/MT from USD 620/MT between 9 th Jan-26 and 20th Feb-26 (+19.4%), following China's announcement on VAT rebate removal and the closure of select global suspension PVC resin plants (including Westlake's Aberdeen PVC facility and one plant of Shin-Etsu). On a back-of-the-envelope calculation, current global PVC prices along with INR depreciation imply domestic PVC resin prices of ~Rs 81/kg based on historical trends, suggesting a further potential increase of ~Rs 3/kg. The Chinese policy announcement has already constrained PVC resin availability in the domestic market, leading to higher prices. This has impacted smaller and regional players in terms of resin procurement and volumes, ultimately benefiting organized players such as Astral and Supreme Industries through potential market share gains....

BP Wealth released a Sector Update report for Construction Materials on 15 May, 2026.