The Indian cement sector is showing strong signs of recovery as of February 2026, supported by double-digit volume growth and a significant push in national infrastructure. Major industry players have reported robust performance in the latest quarter, driven by aggressive capacity expansions and a revival in rural housing demand. UltraTech Cement continues to dominate as the market leader with a current share price of approximately 13,048. The company reported a 23% increase in net sales for the December quarter, reaching 21,506 crore. With a massive domestic capacity of 188.66 MTPA, UltraTech is moving toward a target of 240.76 MTPA. Its operational efficiency is highlighted by an EBITDA per ton of 1,051 and a 29.4% growth in domestic grey cement volumes. Dalmia Bharat has also posted impressive gains, with its net profit surging by 94% year-on-year to 122 crore. The company's revenue rose by over 10% to 3,506 crore, reflecting its successful expansion in the North-East and Eastern markets. Current market data places its stock price near 2,300, supported by a 203% jump in net profit over the first nine months of the fiscal year. JK Cement remains a top pick with a target price of 6,685 following a 13% growth in EBITDA to 5.60 billion. The company is aggressively expanding its footprint, aiming for a total capacity of 37.3 MTPA by 2028. Its strategic shift toward premium products, which now contribute 17% of trade sales, is expected to drive margins higher. Sector-wide trends indicate a stable pricing environment. Non-trade prices have recently seen hikes of 15–20 per bag in southern markets and 5–10 in the north. This recovery is vital as the industry faces rising input costs from pet coke, coal, and new labor codes. Overall, the industry's outlook for 2026 remains positive. Analysts project a demand growth of 9–10% for the upcoming quarters, fueled by government outlays for roads, metros, and urban development. Consolidation continues to be a key theme as top producers utilize internal accruals to fund their multi-billion dollar capital expenditure plans.