On the demand front, industrial activity is set to recover on the back of increased government spending. A normal monsoon could boost farm incomes and spur rural housing demand, while urban housing is likely to gain traction due to a low base, expected interest rate cuts, and faster execution under the Pradhan Mantri Awas Yojana - Urban. 

Nevertheless, risks from geopolitical tensions, commodity price volatility, financial market fluctuations, and global trade fragmentation persist. Key opportunities lie in maintaining currency stability, favorable monsoons, and potential repo rate cuts.

In the cement sector, particularly in the southern region, Ramco Cement has observed a notable price increase in the early months of FY26—₹30 to ₹35 per bag in the trade segment and ₹60 to ₹70 per bag in the non-trade segment. 

In the eastern region, while trade prices have remained flat, non-trade prices have seen a modest rise of about ₹10 per bag from March-end levels. The company anticipates these prices will hold, driven by accelerated capacity additions and ongoing consolidation in the southern market.

However, a major cost pressure has emerged in Tamil Nadu with the introduction of a new Mineral Bearing Land Tax of ₹160 per tonne of limestone from April 4, 2025—the highest in India. For comparison, Jharkhand levies ₹40 per tonne. This tax is expected to increase production costs by approximately ₹200 per tonne of cement produced in the state. Cement manufacturers, through their industry association, have appealed to the Tamil Nadu government for relief, and the matter is currently under review. ALSO READ | MTAR Tech shares surge after strong Q4 earnings; profit up multifold

Ramco Cements, headquartered in Chennai, is among India’s leading cement manufacturers with a strong footprint across South and East India. 

Established in 1957, the company has built a robust reputation over the decades, offering a comprehensive portfolio that includes cement products, dry mix solutions, and ready-mix concrete. 

With a focus on innovation and sustainability, Ramco Cements continues to cater to a diverse range of construction needs across residential, commercial, and infrastructure sectors.

With over 60 years of experience in the Indian cement industry, Ramco Cements has steadily expanded its operations and capacity to become one of the country’s top cement producers. Its consistent focus on quality, operational efficiency, and customer-centric solutions has played a pivotal role in its growth and long-standing presence in the market.