logo
Price hikes and improved demand to aid cement firms' Q1 FY26 profit

Price hikes and improved demand to aid cement firms' Q1 FY26 profit

Cement prices rose 6% YoY in Q1 FY26 while moderate volume growth and soft fuel costs are expected to aid profitability despite seasonal monsoon impact
Mumbai
Listen to This Article
Year-on-year (YoY) improvements in cement prices and demand on a low base are likely to aid the profitability of major cement companies in the first quarter of the financial year 2026 (Q1 FY26), even as seasonal weakness has been observed, particularly due to the monsoon in June.
'Realisations are expected to inch up 1–2 per cent sequentially and on-year, driven by the increase in cement prices,' said Sehul Bhatt, director, Crisil Intelligence.
According to Elara Capital, pan-India average cement prices rose by about 6 per cent YoY and 3 per cent quarter-on-quarter (QoQ) in Q1 FY26 to ₹377 per bag.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Stopped India-Pak war', ‘India-US trade deal soon', ‘Unhappy about Putin'  — 10 things Trump said today at White House
‘Stopped India-Pak war', ‘India-US trade deal soon', ‘Unhappy about Putin'  — 10 things Trump said today at White House

Mint

timean hour ago

  • Mint

‘Stopped India-Pak war', ‘India-US trade deal soon', ‘Unhappy about Putin' — 10 things Trump said today at White House

US President Donald Trump held a private dinner with Israeli Prime Minister Benjamin Netanyahu on Monday as he answered reporters' questions on a wide-ranging topics — from trade deals with countries to geopolitical tensions. 1. Donald Trump again took credit for allegedly 'stopping' the India-Pakistan conflict in May, saying, 'We stopped a lot of fights, very, very big one was India and Pakistan. We stopped that over trade. We are dealing with India and Pakistan. We said that we are not going to be dealing with you at all if you are gonna fight. They were maybe at a nuclear stage. Stopping that was really important.' 2. Asked if his tariff letters to 14 countries were the final words, Trump said, 'I would say firm but not a 100 per cent firm. If they call up and they say we would like to do something in a different way, we will be open to that.' 3. Trump also teased that a US-India trade deal was close. 'We are close to making a deal with India. We've made a deal with the United Kingdom. We've made a deal with China.' 4. Regarding the tariff letters sent to 14 countries, Trump said, 'Others we met with, and we don't think we're going to be able to make a deal, so we just send them a letter. We're sending out letters to various countries telling them how much tariffs they have to pay. Some will maybe adjust a little bit depending if they have a cause, we're not going to be unfair about it.' 5. On being asked if the US is going to launch another strike on Iran, Trump said, 'I hope we're not going to have to do that. I can't imagine wanting to do that. I can't imagine them wanting to do that.' 6. The US President further revealed that Iran wants to sit with America for talks. 'They (Iran) want to meet. They want to work something out. They are very different now than they were two weeks ago.' 7. 'I would love to be able to, at the right time, take those sanctions off, give them a chance at rebuilding, because I'd like to see Iran build itself back up in a peaceful manner, and not going around saying, 'death to America,' 'death to the USA,' 'death to Israel,' as they were doing,' Trump said about removing sanctions imposed on Iran. 8. Trump said Hamas was willing to agree a truce with Israel, as he met with Israeli Prime Minister Benjamin Netanyahu to push for an end to the Gaza war. 'They want to meet and they want to have that ceasefire,' he told reporters at the White House. 9. On Russia-Ukraine war, the US President said, 'We are going to send some more weapons (to Ukraine). They have to be able to defend themselves. They are getting hit very hard. So many people are dying in that mess.' 10. Trump lamented the thousands of people who have been killed and said he wasn't happy with President Vladimir Putin for keeping up attacks. 'I'm disappointed, frankly, that President Putin hasn't stopped,' Trump said. 'I'm not happy about it.'

Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 8 after Trump tariffs announcement
Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 8 after Trump tariffs announcement

Mint

timean hour ago

  • Mint

Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 8 after Trump tariffs announcement

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Tuesday, tracking mixed global market cues after the announcement of tariffs by US President Donald Trump on its several trading partner countries. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,495 level, a discount of nearly 44 points from the Nifty futures' previous close. On Monday, the domestic equity market ended flat amid uncertainty over the India-US trade deal. The Sensex gained 9.61 points, or 0.01%, to close at 83,442.50, while the Nifty 50 settled 0.30 points higher at 25,461.30. Here's what to expect from Sensex, Nifty 50 and Bank Nifty today: Sensex formed a small candle on the daily charts and non-directional activity on intraday charts indicate indecisiveness between the bulls and the bears. 'We are of the view that 83,500 will act as an immediate breakout zone for traders. Above this level, Sensex could rally up to 83,700 – 84,000. On the flip side, below 83,250, we could see a quick intraday correction down to 83,000. Further weakness may also continue, potentially dragging the index down to 82,800. The current market texture is non-directional; hence, level-based trading would be the ideal strategy for day traders,' said Shrikant Chouhan, Head Equity Research, Kotak Securities. In the derivatives segment, Nifty open interest (OI) data showed the highest call writing at the 25,500 and 25,600 strike prices, while the maximum put OI was concentrated at the 25,400 level. 'This setup indicates strong resistance around 25,500, although overall sentiment remains cautiously optimistic. A decisive close above this level will be critical to sustaining any bullish momentum in the near term,' said Mandar Bhojane, Technical Analyst at Choice Broking. Nifty 50 shifted into a narrow range movement on July 7 and closed the day on a flat note. 'A small candle was formed on the daily chart with minor upper and lower shadow with identical open and close. Technically, this market action indicates a formation of doji type candle pattern. Having formed this pattern in a sideways range movement, the predictability of this pattern could be less,' said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. According to him, the short term trend of Nifty 50 is choppy, but the near term uptrend status remains intact. Any weakness from here could find support around 25,300 levels, and the next overhead resistance is placed at 25,700. Dr. Praveen Dwarakanath, Vice President of noted that the Nifty 50 formed a doji candle with a bigger shadow on the downside, suggesting strength in the index. 'Nifty 50 index can be bought on the dips for a target near its immediate resistance at 25,800 - 26,200 levels. The momentum indicators in the smaller time frames are rising from the oversold region, indicating a potential upside from the current level. The index can be volatile owing to the tariff-related news and the expiry of 10th July; however, a dip in the index can be used as an opportunity to go long,' said Dwarakanath. VLA Ambala, Co-Founder of Stock Market Today, expects Nifty 50 to find support between 25,330 and 25,180, and meet resistance between 25,510 and 25,630 in today's market session. Bank Nifty index declined 82.70 points, or 0.15%, to close at 56,949.20 on Monday, forming a doji candle, signaling extension of consolidation amid stock specific action. 'We expect the Bank Nifty index to extend consolidation in the range 56,000 - 57,500 in the coming sessions. Only a move above 57,500 will open further upside towards 58,200 - 58,500 levels in the coming weeks. Key support is placed at 56,000 – 55,500 region, representing a confluence of key technical indicators — including the 50-day EMA and the 61.8% Fibonacci retracement of the recent rally,' Bajaj Broking Research said. PSU banking stocks are expected to extend its out performance, while the broader trend remains positive, and any dips should be viewed as buying opportunities, it added. Mandar Bhojane noted that the Bank Nifty formed a Gravestone Doji pattern, indicating increasing selling pressure. 'A sustained break below the key support level of 56,830 may lead to further downside towards 56,500 and 56,300. However, if these levels hold and a reversal occurs, it could provide fresh buying opportunities. On the upside, resistance is expected around 57,100 – 57,200, with a breakout above this zone likely to trigger a rally toward 57,500,' said Bhojane. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Trump tariffs to Samsung Q2 results
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Trump tariffs to Samsung Q2 results

Mint

time2 hours ago

  • Mint

Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Trump tariffs to Samsung Q2 results

Indian stock market: The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Tuesday, following mixed global market cues, after US President Donald Trump announced steep tariffs on several countries, effective August 1. Asian markets traded mostly higher, while the US stock market ended sharply lower overnight after Trump's tariffs announcement. On Monday, the Indian stock market ended flat amid uncertainty over the India-US trade deal. The Sensex rose 9.61 points, or 0.01%, to close at 83,442.50, while the Nifty 50 settled 0.30 points higher at 25,461.30. 'Markets remain in a wait-and-watch mode ahead of trade deal updates and the start of the earnings season. That said, the underlying tone remains positive, supported by rotational buying in heavyweight stocks across sectors. Amid the ongoing consolidation, we maintain our bullish view and recommend continuing with a 'buy on dips' approach, focusing on stock selection based on relative strength,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded mostly higher after Trump announced steep tariffs on 14 trading partners, including Japan and South Korea. Japan's Nikkei 225 gained 0.36%, while the Topix index rose 0.31%. South Korea's Kospi index rallied 0.44% and the Kosdaq was up 0.19%. Hong Kong's Hang Seng index futures indicated a weak opening. Gift Nifty was trading around 25,499 level, a discount of nearly 40 points from the Nifty futures' previous close, indicating a weak start for the Indian stock market indices. US stock market ended sharply lower on Monday, after President Trump announced hefty tariffs on its trading partners. The Dow Jones Industrial Average declined 422.17 points, or 0.94%, to 44,406.36, while the S&P 500 dropped 49.37 points, or 0.79%, to 6,229.98. The Nasdaq Composite closed 188.59 points, or 0.91%, lower at 20,412.52. Tesla share price plunged 6.8%, Nvidia stock price fell 0.69%, Apple shares declined 1.69%, and Microsoft stock fell 0.22%. WNS Holdings shares rallied 14.3%. US President Donald Trump announced new tariffs ranging from 25% to 40% on imports from a number of countries, including Japan and South Korea, effective August 1. White House said that Trump will sign an order delaying higher tariffs from July 9 to August 1. Samsung Electronics projected a 56% drop in second-quarter operating profit from a year earlier, far worse than analysts expected. Samsung estimated an operating profit of 4.6 trillion won for the April-June period, versus a 6.2 trillion won LSEG SmartEstimate, Reuters reported. That would be its weakest in six quarters, down from 10.4 trillion won in the same period a year earlier and 6.7 trillion won in the preceding quarter. Revenue would likely fall 0.1% to 74 trillion won from a year earlier. Crude oil prices fell after rising almost 2% in the previous session. Brent crude futures declined 0.30% to $69.37 a barrel, while the US West Texas Intermediate crude fell 0.35% to $67.69 a barrel. Gold prices steadied after Trump's tariff announcement on goods from Japan, South Korea and other nations, while higher US treasury yields capped gains. Spot gold fell 0.1% to $3,331.89 per ounce, while US gold futures were steady at $3,341.80. US dollar steadied after President Donald Trump unveiled steep tariffs on goods from a number of countries. Against a basket of currencies, the dollar was little changed at 97.40, holding on to most of its gains from Monday when it rose 0.5%. Japanese yen fell to a two-week low of 146.44 per dollar. The won rose 0.4% to 1370.20 per dollar. The euro was up 0.27% to $1.1741, while sterling edged up 0.17% to $1.3626. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store