Despite good demand cement prices to stay down until mid-year

11 Jun 2024 CW Team

Prabhudas Lilladher, anticipates an 8-9% growth in cement sector volumes from April to March 2024-25, followed by over 10% growth the following year. However, prices are expected to remain subdued until after the monsoon season.

Tushar Chaudhari, a Research Analyst at the brokerage firm, holds a positive outlook on large-cap cement companies such as UltraTech Cement and Ambuja Cements.

Chaudhari highlights the aggressive strategies and cost efficiencies of these companies, along with capacity expansions to meet rising demand. He expects them to secure a significant market share in the future, although smaller companies may struggle unless demand and pricing improve further.

While UltraTech shares have seen a year-to-date decline of over 2%, Ambuja has experienced a gain of more than 16%.

Demand for cement has been gradually improving, with a rebound in growth seen in February and March after a weak January due to weather conditions and pollution-related restrictions.

Despite attempts to raise prices in April and May, weak demand led to price reductions. Although some regions, particularly in the North and Central areas, saw slight price increases of Rs 5-10, an overall weakness persists.

Post-monsoon, as demand picks up significantly as companies are expected to resume price hikes.

The EBITDA per tonne are forecasted to improve by the second half of FY25 to over Rs 1,000 for most leading companies.

South-based companies like Ramco Cement and Sagar Cements are also to benefit from recent political developments, with the Telugu Desam Party (TDP) pledging to reinstate Amaravati as the capital city.

Brokerage firm Jefferies predicts a potential price hike for June following the conclusion of elections. The expected impact of weak prices and volume on EBITDA per tonne in the first quarter is said to be partially offset by lower variable costs.

(Source: CNBCTV18)

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..