India: Cement production rose by 8% year-on-year across India in the first quarter of the 2026 Fiscal Year (FY2026), which ran from 1 April 2025 to 30 June 2025, according to ratings agency ICRA. Production rose to 120Mt for the three-month period, with June 2025 volumes 9% higher year-on-year than June 2024 at 41.3Mt. ICRA anticipates that volumes will grow by 6 - 7% year-on-year in FY2026, supported by sustained demand from the housing and infrastructure sectors. If realised, this would mean production of 480 - 485Mt in FY2026.
