Kerala floods impact: Cement demand, prices to take a hit
6 years, 4 months ago

Kerala floods impact: Cement demand, prices to take a hit

Live Mint  

Cement demand in Kerala, which is estimated to contribute around 13% to overall sales volumes in southern India, would get hit in the near term due to the Kerala floods. A recent dealer channel check by domestic broking house Kotak Institutional Equities Ltd showed that prices of the building material in south India declined to ₹ 345/bag in August from ₹ 347/bag in July. Listed companies such as Ramco Cements Ltd, India Cements Ltd and JK Cement Ltd having exposure to Kerala could see a near-term slowdown in demand. That said, reconstruction efforts later could compensate for this demand loss to a certain extent, but given the overcapacity in the region, cement companies may not be able to take price hikes.

India Kerala Prices Demand Cement Companies Impact Cement  demand  hit  prices  impact  cement  weak  companies  south  kerala  india  revenue  floods  cements

History of this topic

Cement price hikes are welcome, but offer only near-term cushion
3 years, 10 months ago

Cement price hikes are welcome, but offer only near-term cushion

Live Mint  

Investors in cement stocks can heave a sigh of relief now that the much-awaited price increases have happened. There were concerns that input-cost inflation would start eroding the sector’s operating margins soon without price hikes. Latest dealers channel check by Motilal Oswal Financial Services Ltd showed that in March, the cement prices were raised around ₹15–30/bag across regions. Despite the …

Cement players with focus on North and Central India remain better placed
4 years, 10 months ago

Cement players with focus on North and Central India remain better placed

Business Standard  

Cement players with focus on North and Central India remain better placed Most regions show cement prices per 50 kg bag to have improved by 0.7-5.0 per cent, while average prices in South India are still down 0.4 per cent. Premium Elara Capital's channel checks suggest that average all-India cement prices are up by 2.4 per cent in the current …

Cement prices correct further in July as seasonal demand weakness intensifies
5 years, 5 months ago

Cement prices correct further in July as seasonal demand weakness intensifies

Live Mint  

As anticipated, cement prices across India corrected further in July as demand remained subdued due to off-season. Cement dealers survey by Reliance Securities Ltd showed that all India average cement price declined by nearly ₹10-12/bag month-on-month in July to ₹314 from ₹325. Cement dealers channel check by another brokerage JM Financial Institutional Securities Ltd showed similar price trends. Better realisations …

Regaining pricing power to be a long grind for cement companies
5 years, 9 months ago

Regaining pricing power to be a long grind for cement companies

Live Mint  

The worst fears of investors in cement stocks have come true, with cement prices falling in March. Cement prices across India fell by ₹2/bag to ₹305 in March, showed a dealer channel check by Motilal Oswal Securities Ltd. One cement bag weighs 50kg. In Hyderabad, Kerala and Bengaluru, the survey showed cement prices declined by as much as ₹20/bag against …

Why cement price hikes are hard to come by in East India
5 years, 10 months ago

Why cement price hikes are hard to come by in East India

Live Mint  

Cement prices across most of India increased in February, but East India was an exception. A dealer channel check by Kotak Institutional Equities Ltd showed cement prices in this region, on the contrary, declined by ₹5 per bag to ₹326. That said, cement prices in East India are unlikely to sharply reverse because of capacity additions. The eastern region is …

Vijayawada: Cement price to go up: CREDAI
5 years, 10 months ago

Vijayawada: Cement price to go up: CREDAI

Deccan Chronicle  

Vijayawada: Just 20 cement companies are dictating terms to the industry and controlling prices across the country, said the Confederation of Real Estate Developers Association of India on Thursday, demanding the government impose control on the cement manufacturers. CREDAI general secretary Ch Sudhakar said that cement prices are witnessing a hike every year in the summer when construction activity spikes. …

Cement industry hints at price hike by up to ₹15 per bag
6 years, 1 month ago

Cement industry hints at price hike by up to ₹15 per bag

Live Mint  

New Delhi: Cement makers may raise prices by ₹ 10-15 per 20kg bag by March, an industry association said. The industry is looking at a hike by ₹ 10-15 per bag in next quarter of the fiscal,” said Shailendra Chouksey, president, CMA, in an interview. The cement industry, which remained subdued for four years, picked up in the third quarter …

Cement firms in South India to feel the chill from price slump in Nov
6 years, 1 month ago

Cement firms in South India to feel the chill from price slump in Nov

Live Mint  

Cement prices in south India continued to decline, dashing hopes of a recovery in realizations for companies in the region. The ample supply outlook means that cement prices may not look up in the near term, unless demand revives significantly. Pan-India companies such as ACC Ltd, Ambuja Cements Ltd, UltraTech Cement Ltd and Shree Cement Ltd are trading at a …

Tyre firms’ margins may fall by 1.5-2% after Kerala floods
6 years, 4 months ago

Tyre firms’ margins may fall by 1.5-2% after Kerala floods

Live Mint  

Mumbai: Margins of tyre companies are likely to fall by 1.5-2% between the second and third quarters of FY19 on rise in imports due to lack of natural rubber supply following the Kerala floods, according to a report. Domestic natural rubber production meets over 50% of the requirements of tyre companies in the country and Kerala accounts for close to …

400 dead. Crores lost. The cost of the Kerala floods
6 years, 4 months ago

400 dead. Crores lost. The cost of the Kerala floods

Live Mint  

New Delhi: Battered by torrential rains, Kerala is witnessing the worst floods in a century. The second spell of monsoon fury since 8 August worsened the situation, as heavy rains for days compelled the administration to open the shutters of the dams, which led to flooding, leaving low-lying areas submerged. The India Meteorological Department said Idukki and Palakkad districts have …

How the Kerala economy fared before the floods
6 years, 4 months ago

How the Kerala economy fared before the floods

Live Mint  

As the torrential rains abate in Kerala, the focus is slowly turning towards how the flood-hit state will rebuild its economy. Between 2011-12 and 2016-17, the Kerala economy grew at a much slower rate than India’s GDP growth rate. In absolute terms, Kerala’s gross domestic product stands at ₹ 6.17 trillion..but per capita income has always been higher Ranked 12th …

The economic implications of the Kerala floods
6 years, 4 months ago

The economic implications of the Kerala floods

Live Mint  

Thiruvananthapuram: Over the past week, the entire state of Kerala is in the grip of a massive, unprecedented flood: the last time anything like this has happened was in 1924. Kerala is essentially a consumption state, but consumption is now going to be adversely affected as many people have lost their livelihood. Kochi international airport has been closed for over …

Kerala suffers 80 percent tourism cancellations, government says overall loss due to floods is Rs 8,316 cr
6 years, 5 months ago

Kerala suffers 80 percent tourism cancellations, government says overall loss due to floods is Rs 8,316 cr

Firstpost  

Floods due to the unprecedented monsoon fury in Kerala have wrecked the tourism industry and seriously impacted the plantation sector, which are among the major revenue sources for the state. Thiruvananthapuram: Floods due to the unprecedented monsoon fury in Kerala have wrecked the tourism industry and seriously impacted the plantation sector, which are among the major revenue sources for the …

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