Ambuja Cement — Nirmal Bang's Top Stock Bet In Cement Sector; Q1 Results Preview

Companies under Nirmal Bang's coverage are projected to grow by over 7%, driven by a recovery in construction activity, improving rural demand, sustained traction in the real estate segment, and increased government spending through the year..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.The Indian cement industry is poised for steady growth in FY26 supported by multiple structural and cyclical drivers. Robust infrastructure spending continued its momentum in the real estate and housing sectors (both urban and rural), and government-led capex—particularly in roads, metro, and housing schemes—should drive demand. While early monsoons impacted volumes in Q1 FY26, we expect the demand to recover over the balance of the year, leading to industry-wide volume growth of ~6-7% YoY.Consolidation in the sector and disciplined capacity additions are likely to result in a more stable pricing environment, which, along with easing input costs, should support margin improvement. Ebitda/tonne is expected to see a healthy sequential recovery, though it may remain slightly below last year’s peak. Overall, FY26 should see a balanced growth trajectory with volume recovery, stable prices, and improving profitability, keeping the sector attractive for investors over the medium term. Ambuja Cement remains our preferred choice among large-cap stocks with Ramco Cements and Nuvoco Vistas closely behind. .Downside risks for the Indian cement industry in FY26:Weak or uneven monsoon: Below-average rainfall or poor spatial distribution could dampen rural housing demand and construction activity.Sharp rise in input costs: Unexpected spikes in coal, petcoke, diesel, or freight costs could squeeze margins despite stable prices. Global macro volatility: Geopolitical tensions or commodity price shocks could indirectly affect costs and currency, adding to margin pressure..Click on the attachment to read the full report:.Buy Sun Pharma, Add Metropolis Lists HDFC Securities Among Others In Pharma, Healthcare; Q1 Results Preview.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ambuja Cement — Nirmal Bang's Top Stock Bet In Cement Sector; Q1 Results Preview

Ambuja Cement remains Nirmal Bang;'s preferred choice among large-cap stocks with Ramco Cements and Nuvoco Vistas closely behind.

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