External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Materials / Thematic (Sector/Industry)

<ul><li>Cement demand in Q2FY26 is expected to show single-digit YoY growth due to seasonal monsoon weakness, following robust 12% volume growth observed in Jul’25.</li><li>Rural demand is likely to outperform urban, supported by above-average monsoon and wage growth, while infrastructure spending continues to support overall volumes.</li><li>Core sector data released by the central government confirms an 8% YoY growth in cement output during Jul–Aug’25, driven by robust activity in infrastructure and construction.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Cement demand in Q2FY26 is expected to show single-digit YoY growth due to seasonal monsoon weakness, following robust 12% volume growth observed in Jul’25.Rural demand is likely to outperform urban, supported by above-average monsoon and wage growth, while infrastructure spending continues to support overall volumes.Core sector data released by the central government confirms an 8% YoY growth in cement output during Jul–Aug’25, driven by robust activity in infrastructure and construction.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q2FY26 Earnings Preview - CEMENT