On a YoY basis in Q2 FY26, all companies reported revenue growth, with Sagar cement (+26.7) being the highest and Nuvoco being the lowest at +8.3%.

(Photo Source: freepik) As the top two companies, UltraTech Cement and Ambuja Cement prioritize market share gains, cement industry may move their focus back towards volume growth, thereby limiting any major uptick in pricing.

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