+
Cement firms contemplating Rs 10-Rs 15 per bag hike
Cement

Cement firms contemplating Rs 10-Rs 15 per bag hike

Cement prices are hardening across the country, having gone up by Rs 16 per bag since August this year, said Emkay Global Financial Services Ltd.

According to a report by the company, in November the prices went up by about Rs 6-7 per bag.

While the prices remained flat in the western and central parts of the country, the rates hardened in the northern, eastern and southern regions, Emkay Global said.

According to the report, the cement companies are contemplating further price hikes of Rs 10-15/bag across the country this month.

“Absorption of the price hikes will get revealed over the next few days. With the financial-year change (from December to March) by ACC and Ambuja, volume push by these companies is likely to be limited in December. This is positive for the pricing trend in the near term,” Emkay Global said.

“We expect the industry's profitability to increase by move r than Rs200/ton QoQ (even higher for eastern region players) in Q3FY23, with improving cement prices along with peakout of operating cost in Q2FY23,” it added.

See also:
JK Cement begins commercial production at Panna
UltraTech Cement commissions new cement capacities


Cement prices are hardening across the country, having gone up by Rs 16 per bag since August this year, said Emkay Global Financial Services Ltd. According to a report by the company, in November the prices went up by about Rs 6-7 per bag. While the prices remained flat in the western and central parts of the country, the rates hardened in the northern, eastern and southern regions, Emkay Global said. According to the report, the cement companies are contemplating further price hikes of Rs 10-15/bag across the country this month. “Absorption of the price hikes will get revealed over the next few days. With the financial-year change (from December to March) by ACC and Ambuja, volume push by these companies is likely to be limited in December. This is positive for the pricing trend in the near term,” Emkay Global said. “We expect the industry's profitability to increase by move r than Rs200/ton QoQ (even higher for eastern region players) in Q3FY23, with improving cement prices along with peakout of operating cost in Q2FY23,” it added. See also: JK Cement begins commercial production at PannaUltraTech Cement commissions new cement capacities

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code