Navin Sahadeo, Analyst of ICICI Securities expects continued high dividends from UltraTech Cement and improving traction in Grasim’s paints and B2B e-commerce businesses. Meanwhile, the cement sector faces near-term pressure, with the July-September quarter of 2026 (Q2FY27) realisations expected to decline 1–1.5% sequentially and EBITDA per tonne potentially falling ₹200–250.
