From The Economic Times · Nikita Periwal · · 1m
Cement firms raise prices to boost profits
Cement companies plan price hikes to improve profits as construction activity picks up.
In brief
Cement companies plan price hikes to improve profits as construction activity picks up. Cement firms expect price increases to offset rising costs and improve profitability in the second half of the fiscal year. Originally reported by The Economic Times.
Cement industry faces weak first half
Cementmakers rely on price increases and seasonal construction activity to offset weak profitability in the first half of the fiscal year.
Price increases boost margins
Cement prices have risen ₹15-20 per 50 kg bag compared to September quarter averages.
Dalmia Bharat expects continued gains
Dalmia Bharat managing director Puneet Dalmia says price increases will help recover cost inflation.
Nuvoco Vistas forecasts Q3 improvement
Nuvoco Vistas Corp expects ₹20 price increases to offset cost rises and improve Q3 profitability.
UltraTech Cement optimistic on prices
UltraTech Cement CFO Atul Daga expects continued price improvements in the coming months.
The big picture
Cement firms expect price increases to offset rising costs and improve profitability in the second half of the fiscal year.
