Jefferies Forecasts Cement Turnaround in FY26 on South Price Rise

05 Jun 2025 CW Team

Global brokerage Jefferies has forecasted a turnaround in the profitability of the Indian cement sector in FY26, driven by a pricing recovery in the southern region starting from the first quarter. The firm identified Ultratech Cement, Shree Cement, and JK Cement as its preferred picks due to their strong earnings recovery momentum.

Jefferies reported that the cement sector showed a robust rebound in the March quarter (Q4 FY25), with EBITDA rising by 11 percent year-on-year and 67 percent sequentially. This improvement was mainly attributed to firming prices and steady volume growth. Earlier, Jefferies had included Ambuja Cements in its model portfolio, anticipating margin improvements amid decreasing competitive intensity in the industry.

Adding to the positive outlook, Systematix Research projected a demand growth of 6 to 7.5 percent for the cement industry in FY26. The research highlighted that consolidation-driven discipline, alongside strong infrastructure and housing demand, is guiding the sector towards a more stable and profit-friendly cycle.

Further validation came from Nomura's on-the-ground checks. The brokerage's dealer channel checks indicated notable price increases in the Indian cement market in June 2025, especially in South India, which significantly contributed to raising the national average.

By early June, the pan-India average cement price had increased by Rs 2 per bag to Rs 358, primarily due to a Rs 19 per bag rise in South India. Tamil Nadu and Kerala were the main contributors to this surge since mid-May. Conversely, minor price declines were observed in other regions, with decreases of Rs 3 per bag in Central India, Rs 5 in the West, and Rs 2 in parts of the South outside the major spike areas.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..