Cement sector needs lady luck to smile on prices
3 weeks, 6 days ago

Cement sector needs lady luck to smile on prices

Live Mint  

The Indian cement sector is expected to perform better in the second half of FY25 compared to the sluggish first half, particularly in terms of demand and prices. Pan-India cement prices in the trade segment rose by ₹8 month-on-month in November to ₹342 per bag, showed a recent dealers’ channel check by Nomura Global Markets Research. Recall that in H1FY25, the cement industry experienced muted demand growth, pricing pressure, and higher competitive intensity, leading to weaker-than-expected earnings performance. In the recently concluded September quarter, volumes were likely flat-to-negative year-on-year for the cement industry, and prices fell by around 2% sequentially, said Nuvama Research report on 14 November. For 15 major cement companies, aggregate Ebitda per tonne plunged around 25% sequentially to ₹614 due to tepid demand impacting operating deleverage and a weak pricing environment, it added.

Growth Prices Demand Sector Cement Fy25 H2Fy25 Cement Sector  needs  sector  prices  industry  fy25  lady  demand  bag  cement  growth  companies  smile  luck  volumes

History of this topic

Chart Beat: Tough March quarter for cement companies?
10 months, 1 week ago

Chart Beat: Tough March quarter for cement companies?

Live Mint  

Pricing trends in the domestic cement industry have remained subdued for a while now. According to a recent dealers channel check by Jefferies India, there was a 1.5% decrease in the all-India average cement price to ₹362 per 50-kg bag in January. There is a risk to realization of cement companies in the March quarter, if prices remain muted in …

H1FY24 likely to be a washout for cement prices
1 year, 5 months ago

H1FY24 likely to be a washout for cement prices

Live Mint  

Cement prices have been lacklustre so far in the June quarter, even as demand has remained robust driven by government spending on infrastructure projects. That said, strong cement demand and easing input cost inflation are comforting and could save the sector from seeing steep earnings downgrades for FY24. Government expenditure on infrastructure development is driving a broad-based increase in cement …

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal
1 year, 11 months ago

Cement sector outlook positive, Ultratech among top 3 picks by Motilal Oswal

Live Mint  

Cement manufacturing companies are expected to do well for next few years on the back of better demand prospects led by infrastructure and housing sectors, heightened industry consolidation, and regulatory changes in the allotment of limestone blocks. Average price of a cement 50kg bag has gone up 3% on a quarter-on-quarter basis in the third quarter of FY23, Motilal Oswal …

Cement margins may improve in the long run, but near-term risks aplenty
3 years, 9 months ago

Cement margins may improve in the long run, but near-term risks aplenty

Live Mint  

MUMBAI: Foreign brokerage house Morgan Stanley expects a broad-based recovery in the Indian cement sector and estimates an above-average demand growth of 9% annually over fiscal years 2021-23. Hit hard by cost inflation, cement makers took a much-needed hike of around Rs50/bag in March, according to dealer channel checks by various brokerages. Reacting to the brokerage firm's upbeat outlook, shares …

Discover Related