Cement Price Forecast India 2026–2029: Will Prices Fall as Capacity Surges?
Will Cement Prices Fall in India? What the FY27–FY29 Capacity Boom Means for Home Builders September 30, 2026 Anyone planning to build a house over the next two or three years has probably wondered whether it is worth waiting for cement prices to come down. There is now a genuine reason for that question. India's cement industry is entering one of its largest capacity-expansion cycles in years. Installed capacity, estimated at about 702 million tonnes in FY2026, could rise to roughly 867 million tonnes by FY2029 , according to an analysis by Kotak Institutional Equities reported on September 30. Domestic consumption is expected to increase too, but more slowly—from around 486 million tonnes in FY2026 to about 596 million tonnes by FY2029 . On paper, that creates a simple-looking story: more cement factories + more supply = cheaper cement. Real construction markets are not quite that simple. Extra capacity may limit manufacturers' ability to push through large price increases,...