Cement sector exits Q4 with flat prices
According to the Elara report dated 28 March, attempts at price increases have been unsuccessful because of the volume push, lower-than-expected demand, and greater discount offerings.
Unseasonal rainfall and a labour shortage in some regions also had an adverse effect on construction activities and the demand for cement.
Investors should prepare for muted sequential realisations increase in the upcoming quarterly earnings as a result.
According to region, the price per bag decreased by 5 in central India, then in the north, west, east, and south. The monthly decline in South India was the largest at Rs. 10 per bag. Prices in this region have been trending downward for a while, primarily due to fierce rivalry for market share. While the June quarter is typically good for the cement industry, an increase in prices is anticipated in April.