Strong Real Estate Growth to Boost Cement Demand in FY26

08 Jul 2025 CW Team

A report by Axis Securities projects sustained momentum in cement demand for FY26, backed by robust growth in the real estate market and government housing initiatives like the Pradhan Mantri Awas Yojana (PMAY). Large-scale construction under such schemes is expected to drive continuous demand for building materials, especially cement, which remains essential for housing infrastructure.

The report forecasts cement demand growth of 7 to 8 per cent in FY26, supported by the government’s focus on infrastructure development alongside ongoing real estate activities. Further reinforcement is anticipated from increased allocations to infrastructure and construction in the 2025-26 budget.

Despite a subdued performance in the first half of FY25, with year-on-year growth of only 2–3 per cent, the cement sector saw a strong recovery in the third and fourth quarters, expanding at a high single-digit pace. This positive trend is expected to continue into Q1 FY26, driven by rising government capital expenditure and revived construction activity.

For FY25 as a whole, the industry recorded overall growth between 4 and 5 per cent. Central government core sector data confirms an 8 per cent year-on-year increase in cement output during April-May 2025, propelled by strong infrastructure and construction activity.

Historically, the fourth and first quarters witness peak cement consumption due to favourable weather, heightened infrastructure spending, and a seasonal rise in real estate development.

Looking ahead, Axis Securities notes that while pricing may stay competitive amid increased supply and market rivalry, manufacturers are well positioned to benefit from sustained volume growth in FY26.

Infrastructure Urban

07 Nov 2025

Piyush Goyal Boosts India–New Zealand Trade Ties

Union Minister of Commerce and Industry, Shri Piyush Goyal, is on an official visit to New Zealand to strengthen bilateral economic and trade relations between the two nations. The fourth round of India–New Zealand Free Trade Agreement (FTA) negotiations is currently underway in Auckland from 3 to 7 November 2025. At the India–New Zealand Business Forum, organised by the Auckland Business Chamber, Shri Goyal joined Hon. Todd McClay, Minister for Trade of New Zealand, for a Fireside Chat moderated by Mr Simon Bridges, CEO of the Auckland Business Chamber. Opening the session, Shri Goyal r..

India, Romania Strengthen Trade and Industry Cooperation

Minister of State for Commerce and Industry, Shri Jitin Prasada, led the Indian business delegation at the India–Romania Business Forum, organised by the Chamber of Commerce and Industry of Bra?ov (CCIBv) in partnership with the Embassy of India in Bucharest and the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. The engagement focused on expanding bilateral investment and industrial cooperation between the two countries, bringing together business leaders from key sectors such as automotive, aerospace, defence, renewable energy, engineering services, a..

Maritime Security Seminar Strengthens Indian Ocean Cooperation

The Maritime Security Seminar, held as part of the Maritime Information Sharing Workshop (MISW) 25, concluded on 4 November 2025. The three-day workshop, themed “Enhancing Real-Time Coordination and Information Sharing Across the Indian Ocean Region,” is being hosted by the Information Fusion Centre – Indian Ocean Region (IFC–IOR) and has brought together over 57 participants from 30 countries, including representatives from the Indian Ocean Rim Association (IORA), Djibouti Code of Conduct/Jeddah Amendment (DCoC/JA), and the Bay of Bengal Initiative for Multi-Sectoral Technical and Eco..