India: Cement companies can expect to see an improvement in profitability in the second half of the current 2027 financial year, as falling global oil prices are likely to bring down the cost of key fuels such as petcoke and coal, according to a report by Systematix Group published on 12 November 2026. “As oil prices fell sharply in recent weeks, we expect petcoke and coal prices to follow suit, with a delay,” the report said.
The report said that the cement sector remained resilient in the second quarter of the 2027 financial year, with sales volumes across the companies growing by 7.2% year-on-year.