India's cement industry is projected to grow by 6-7 percent in FY27, building on an estimated 6.5-7.5 percent growth in FY26, according to ICRA. This expansion is driven by sustained demand from housing and infrastructure projects, supported by government spending and potential GST reforms. The sector is also set to add 85-90 million tonnes per annum of capacity between FY26 and FY27 to meet this demand. Profitability is expected to improve due to better pricing and higher volumes.