The cement industry in India continues to show resilience and growth in FY25-26, with leading companies reporting strong performance in the first half of the year (Q1 + Q2 ending 30th September 2025).
Here’s a detailed look at the half-yearly performance of major cement players in India.
Top Cement Companies H1 Performance Overview 2025
Half Year Performance up to 30.09.2025 (Q1 + Q2) – Standalone Results
Here’s a quick comparison of how the leading cement companies performed in the first half of FY25-26:
|
S. No. |
Company |
Revenue from Operations (₹ Cr) |
YoY Change |
Net Profit (PBT) (₹ Cr) |
YoY Change | ||
|
H1 FY26 (₹ Cr) |
H1 FY25 (₹ Cr) |
H1 FY26 (₹ Cr) |
H1 FY25 (₹ Cr) | ||||
|
1 |
UltraTech Cement Ltd. |
37,499.69 |
33,846.35 |
10.79% |
4,456.03 |
2,716.79 |
64.02% |
|
2 |
India Cements Ltd. |
2,141.79 |
1,973.36 |
8.54% |
-27.55 |
-196.18 |
-85.96% |
UltraTech Cement Ltd. H1 Performance Report FY26
Revenue from operations: ₹37,499.69 Crores (up 10.79% YoY)
Net Profit (PBT): ₹4,456.03 Crores (up 64.02% YoY)
UltraTech Cement Ltd., the largest cement company in India, has showcased impressive growth in H1 FY25-26. The 10.79% increase in revenue reflects strong demand in both domestic and industrial segments, while the 64% jump in net profit highlights improved operational efficiency and cost management.
UltraTech’s consistent performance demonstrates why it remains a market leader in the Indian cement industry, setting benchmarks for peers.
India Cements Ltd. H1 Performance Report FY26
Revenue from operations: ₹2,141.79 Crores (up 8.54% YoY)
Net Profit (PBT): -₹27.55 Crores (loss narrowed by 85.96% YoY)
India Cements Ltd. reported a moderate 8.54% revenue growth, reflecting steady sales growth. Although the company still reported a loss, it has narrowed significantly by 86% compared to the same period last year, showing positive operational improvements.
This signals that India Cements is on a recovery path, likely benefiting from cost optimization measures and steady demand in southern markets.
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HouseGyan Offering | ||
Key Takeaways from H1 FY25-26
-
Revenue Growth: Both UltraTech and India Cements posted notable revenue growth, reflecting robust cement demand across India.
-
Profitability Matters: UltraTech’s massive profit surge shows the importance of scale and efficient operations in the cement industry.
-
Recovery Path: India Cements’ narrowing losses indicate improving financial health and potential for turnaround.
-
Market Trends: The overall cement industry remains stable, with infrastructure projects and housing demand driving sales.
Conclusion
The first half of FY25-26 has been encouraging for the Indian cement sector. UltraTech Cement continues to lead with exceptional revenue and profit growth, while India Cements shows positive signs of recovery.
Investors and industry watchers should keep an eye on operational efficiencies, cost optimization, and market demand, which are likely to define the second half of the financial year.
