HDFC Securities: Cement prices to rise

HDFC Securities report, cement prices are likely to increase during the second half (H2) of FY22 owing to cost inflation. Cement demand has increased from June 2021, as the Covid-19 pandemic decreased. 

The cement demand continues to recover and has supported limited price correction during the monsoon. According to the report, the prices of cement will continue to rise during H2FY22 as the cost inflation is firming up and has impacted the cement industry. The rising demand and increased consolidation should support the industry's cost pass-through ability.

Contact: HDFC Securities.

Email: www.hdfcsec.com