Cement sector to better days after Q2
Cement

Cement sector to better days after Q2

Brokerages have remained bullish on the cement pack, expecting companies to report solid growth in the September quarter. Reviving retail and institutional demand as the monsoon recedes, as well as an increase in construction activity due to lower building raw material prices, are likely to benefit ...

Brokerages have remained bullish on the cement pack, expecting companies to report solid growth in the September quarter. Reviving retail and institutional demand as the monsoon recedes, as well as an increase in construction activity due to lower building raw material prices, are likely to benefit cement companies going forward. India's cement sector profitability is expected to bottom out by 2QFY23 and may reach new highs by FY25, as most cost increases are expected to be passed on by then.

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