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
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code