Cement companies anticipate a decline in profits for the December 2025 quarter due to several factors. A Goods and Services Tax (GST) revision has led to price moderation, particularly in southern and eastern regions. This, combined with subdued demand from the non-trade sector and rising raw material costs, is expected to impact earnings before interest, tax, depreciation, and amortization (EBITDA). Average cement prices per bag have decreased compared to both the previous quarter and the prior year.