Leading cement companies in India are set to report robust volume growth in the March quarter of FY26, with an estimated 9% increase in aggregate cement volumes to 126 million tonnes. Analysts predict a 10% year-on-year growth in revenue, while earnings before interest, taxes, depreciation, and amortisation (Ebitda) may rise by 4%. However, profit after tax (PAT) is expected to decline by 1% due to increased costs stemming from geopolitical disruptions in West Asia, which have driven up fuel and packaging expenses. Analysts at Motilal Oswal Financial Services indicate that the average Ebitda margin is likely to contract by 1.2 percentage points to around 18%. Despite these challenges, major firms like UltraTech Cement and Shree Cement are anticipated to outperform the industry average, reporting double-digit growth. To mitigate rising costs, companies have already begun implementing price hikes of Rs 15-30 per bag as they prepare for potential profitability pressures in the upcoming quarters.