New Delhi : Indian cement industry's volume is likely to grow by 8-9 per cent in the second half of FY26, led by pent-up demand and better liquidity, Crisil Intelligence said in a report.It also expects the industry's margins to grow by 250-300 bps, helped by various factors, including higher realisation, stable cost, GST cut, premiumisation, and volume growth, which will ease pressure for manufacturers.

HSBC On India Cement

◆Cement has interest, but likely needs price hikes in Jan-Feb for investors to turn more bullish

◆Cement dealer checks highlight continued pricing weakness in East and South but broadly stable elsewhere

◆While demand trends showing early signs of… pic.twitter.com/NFnhOUHKtX — Exencial Research Partners (@exencial_RP) December 10, 2025

"Improved realisations dr

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