New Delhi, Feb. 18 -- Demand revived as prices declined in the cement sector as the third quarter of the financial year 2026 presented a mixed performance for major players. According to a report by Nuvama, the industry saw an improvement in demand traction with volumes rising approximately 7 per cent year-on-year for 15 major companies.

The growth occurred despite a sequential correction in realisations, which inched down 3 per cent as non-trade prices corrected across various regions.

The report noted that EBITDA per tonne increased 9 per cent year-on-year to Rs 869 during this period. This performance was largely supported by substantial savings in power, fuel, and other operational expenses.

However, on a sequential basis, the EBIT...