Cement prices down across India due to monsoon: Jefferies
Cement

Cement prices down across India due to monsoon: Jefferies

Cement prices are declining in most markets due to the monsoon, according to a research report by Jeffries. The all-India average prices are currently below the January 2022 average, when the cost pressure was less.

The report has also cautioned that high input costs and soft pricing may further weaken the second quarter of the financial year for the sector.

The recent price hike comes after a fall in cement prices by Rs 40 to 60 per bag since May 2022. The dealers have also indicated that there is pressure on prices due to the newly commissioned clinker capacity by Shree Cement, UltraTech and Dalmia.

Earlier in July, the Competition Commission of India (CCI) finalised a report on its investigation into the alleged cement cartelisation in the eastern and southern regions of the country.

In East India, the weak cement prices for August, particularly in the Kolkata market, were due to the fight for volumes. There was a price increase of Rs 10 to 15 per bag from September 5 and another Rs 10 per bag increase is expected from the September 15.

In West India, the producers have announced a price hike of approximately Rs 20 per bag in Ahmedabad and Pune markets from the fifth to September and there is no price hike announcement in Mumbai.

In central India, the cement prices were largely stable in the trade segment, except for a minor decline in the Lucknow market. For South India, the monsoons have been intensifying in the last two weeks of August, and the prices declined by approximately Rs 10 per bag in Bangalore and Chennai.

While PET coke cost has eased from the peak, it is still above January 2022, and coal is substantially higher.

See also:
Birla Corporation to expand cement production capacity
South sees cement price rise


Cement prices are declining in most markets due to the monsoon, according to a research report by Jeffries. The all-India average prices are currently below the January 2022 average, when the cost pressure was less. The report has also cautioned that high input costs and soft pricing may further weaken the second quarter of the financial year for the sector. The recent price hike comes after a fall in cement prices by Rs 40 to 60 per bag since May 2022. The dealers have also indicated that there is pressure on prices due to the newly commissioned clinker capacity by Shree Cement, UltraTech and Dalmia. Earlier in July, the Competition Commission of India (CCI) finalised a report on its investigation into the alleged cement cartelisation in the eastern and southern regions of the country. In East India, the weak cement prices for August, particularly in the Kolkata market, were due to the fight for volumes. There was a price increase of Rs 10 to 15 per bag from September 5 and another Rs 10 per bag increase is expected from the September 15. In West India, the producers have announced a price hike of approximately Rs 20 per bag in Ahmedabad and Pune markets from the fifth to September and there is no price hike announcement in Mumbai. In central India, the cement prices were largely stable in the trade segment, except for a minor decline in the Lucknow market. For South India, the monsoons have been intensifying in the last two weeks of August, and the prices declined by approximately Rs 10 per bag in Bangalore and Chennai. While PET coke cost has eased from the peak, it is still above January 2022, and coal is substantially higher. See also: Birla Corporation to expand cement production capacitySouth sees cement price rise

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement