New Delhi, Jan. 15 -- The cement industry is likely to witness a round of sharp price hikes in the first quarter of calendar year 2026, supported by seasonally strong demand and a delayed impact of large capacity additions, according to a report by HSBC Global Investment Research.

"We expect industry to push through large cement price hikes in 1QCY26, with some of the hikes absorbed given the seasonally strong period for demand," the report said.

It added that while capacity additions remain significant, their impact will not be immediate. "Overall, we still see over 100MT of new capacity addition in the industry over FY26-27 and this is larger than incremental demand, but the actual impact of this capacity addition is likely to be back...