Photo: BloombergMumbai: The cement industry is likely to register a flat growth of around 5% in the current financial year despite a pick-up in demand in recent months and healthy outlook ahead, a report said on Monday. “The cement demand has picked up from Q3 FY18 and the trend is expected to continue in Q4 FY18, but the growth of the industry may remain flat at 5 per cent in FY19,” it said. Icra expects the cement demand to show a moderate growth of around 5% in FY18 as well. According to the report, in Q3 FY18, cement prices remained largely similar on a quarter-on-quarter basis in most markets, except Hyderabad, where they witnessed a decline by 5%. Hence, according to Majumdar, the ability of the industry players to secure increases in cement prices remains critical from the profitability perspective.

Source: Mint April 09, 2018 12:22 UTC