New Delhi, Nov. 28 -- The Indian cement sector continues to grapple with muted price trends amid tepid demand. Following a goods and services tax (GST) rate cut in late September, the benefit was passed on to consumers, with the GST on cement reduced from 28% to 18%. As a result, prices eased in October, with weakness persisting through November. Cement demand in certain markets during Q3FY26 has been affected by a mix of factors, including elections in Bihar and the Vidarbha region, labour shortages, and construction slowdowns in Delhi due to pollution.

Consequently, at an all-India level, average cement prices were flat month-on-month at Rs.375/bag, according to dealers channel check by Yes Securities. One cement bag weighs 50 kilogram...