New Delhi, June 4 -- The Indian cement industry is projected to achieve a volume growth of 6-7 per cent for FY27E, driven by a significant ramp-up in infrastructure spending in the latter half of the fiscal year, despite facing immediate domestic and global disruptions.

"FY27E volume growth for the industry is likely to be 6-7%. Geopolitical issues, trajectory of infra capex and rising costs are likely to determine stock prices in the near term," according to a Nuvama institutional equities report.

The report noted that near-term growth is experiencing a temporary deceleration due to geopolitical factors and domestic operational challenges.

"We believe the overall cement pack is likely to report mid-single-digit volume growth in Q1FY27...