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Kolkata: Cement companies are laying a strong foundation of prosperity. Most of them have reported robust results for the Q2FY26 period. In further good tidings, rating agency ICRA has said that the GST rejig could provide fresh tailwind to the sector since it would decrease overall construction expenses, especially in the rural housing sector by 0.8%-1.0%. Needless to say, the impetus to the housing sector can directly provide a fillip to the cement companies which can also opt for augmentation of capacities.
ICRA has mentioned in its report that average cement realisation (ex-factory price excluding GST) will go up by 3-5% in the current financial year, despite no marked decrease in the prices of cement (in fact the prices will remain range bound). As a result, operating profit of cement companies can rise by as much as Rs 100-150 per tonne. Also operating profit before interest, depreciation, taxes, and amortisation can rise by 12-18% in FY26. Let's have a look at a few prominent cement stocks.
ACC
Power by robust sales, this company reported more than 500% growth in PAT (profit after tax) that touched Rs 1,119.26 crore in Q2. Consolidated net profit stood at Rs 199.7 crore in the same period in FY25. Revenue from operations in Q2 was recorded at Rs 5,896.16 crore, compared to Rs 4,542.23 crore in the similar period in FY25. Total expenses was at Rs 5,393.42 crore versus Rs 4,473.67 crore seen in the similar period in FY25. Ready-mix concrete business reported revenue of Rs 453.62 crore against Rs 289.1 crore in the Q2FY25 period.
UltraTech Cement
An Aditya Birla Group firm, UltraTech Cement is the leading cement maker in India. It came up with a net profit of Rs 1,237.98 crore for Q2FY26 period against a figure of Rs 707.96 crore in the same period in 2024. a year ago, the Aditya Birla Group flagship firm said in a regulatory filing. Revenue in the same period stood at Rs 19,606.93 crore in Q2FY26 versus Rs 16,294.42 crore in Q2FY25. The cement business of Kesoram Industries with UltraTech has been merged from March 1, 2025.
In Q2FY26, UltraTech achieved a sales volume of 33.85 million metric tonnes, up 6.9% compared to the same period last year. The total expenses of UltraTech in Q2FY26 stood at Rs 18,119.56 crore. The total income of the company in H1 FY26 was at Rs 41,238.75 crore.
Shree Cement
Shree Cement, which belongs to the Bangurs, is the third-largest cement group in the country by manufacturing capacity. It registered a jump in net profits of more than 400% in Q2FY26 compared to that in Q2FY25. The figure touched Rs 309.82 crore for Q2FY26 compared to Rs 76.64 crore in the same quarter in FY25. The company's revenue from operations was up 17.43% and touched Rs 4,761.07 crore in Q2FY26 -- against Rs 4,054.17 crore in Q2FY25.
Ramco Cements
Ramco Cements came up with a three times jump in net profit in Q2FY26. It stood at Rs 77.88 crore compared to Rs 25.77 crore achieved in Q2FY25. The company's revenue from operations rose 9.52% to reach Rs 2,238.74 crore in Q2Fy26 against Rs 2,044.13 crore in the same quarter in 2024. Ramco Cements reported a capacity utilisation on 71% in Q2FY26 against 75% in Q2 FY25. Ramco Cements is targeting a cement manufacturing capacity of 30 MTPA by March 2026 by commissioning of the second line in Kolimigundla and debottlenecking at other units.
Total expenses of company in Q2FY26 was at Rs to 2,145.45 crore -- a rise of 6.23% compared to the same period a year ago. The company's total income stood at Rs 2,245.28 crore in Q2FY26, registering a rise of 9.3%.
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