New Delhi, July 8 -- India's cement industry is expected to see subdued volume growth in H1FY27 as April 2026 price hikes are unlikely to offset the profitability decline, with weak demand and fresh supply additions during FY27-28 expected to keep prices under pressure, according to a report by Nuvama Institutional Equities.

As per the report, the sector witnessed sluggish demand during April-May 2026 due to multiple factors, including global uncertainty, labour shortages, heatwaves, raw material constraints, and unseasonal rainfall.

Apart from this, cement prices surged across regions in April 2026; to mitigate the impact of rising petcoke prices and packaging costs. In a related report, the brokerage house noted that petcoke prices in...