Cement demand is seen rising 8-9% in FY24
Cement

Cement demand is seen rising 8-9% in FY24

Government efforts to build infrastructure will continue to be strong.

Demand will increase this fiscal year by 8–9% on top of a 9% gain in FY22, which will aid in the sector's return to profitability, according to research.

According to India Ratings, which has a neutral outlook for the sector for the year, the sector will remain strong despite the substantial investment pipeline thanks to a recovery in profitability despite inflationary pressure and stable balance sheets.

According to the agency, demand would increase by 8–9% in FY24 compared to a projected 9% increase in FY23, giving the industry a five-year compounded annual growth rate of 4.5%.

Even though the industry is anticipated to raise prices only by a small percentage, softening gasoline costs will help operational margins recover. The agency anticipates operating margins to increase to Rs 950–1,000/MT in FY24 as a result of falling fuel and power prices. However, a spike in the price of coal and petcoke could have negative consequences

banner1

Government efforts to build infrastructure will continue to be strong. Demand will increase this fiscal year by 8–9% on top of a 9% gain in FY22, which will aid in the sector's return to profitability, according to research. According to India Ratings, which has a neutral outlook for the sector for the year, the sector will remain strong despite the substantial investment pipeline thanks to a recovery in profitability despite inflationary pressure and stable balance sheets. According to the agency, demand would increase by 8–9% in FY24 compared to a projected 9% increase in FY23, giving the industry a five-year compounded annual growth rate of 4.5%. Even though the industry is anticipated to raise prices only by a small percentage, softening gasoline costs will help operational margins recover. The agency anticipates operating margins to increase to Rs 950–1,000/MT in FY24 as a result of falling fuel and power prices. However, a spike in the price of coal and petcoke could have negative consequences

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram