UltraTech's Q4 reflects cement industry trend of driving sales amid weak prices
Cement firms gained from decline in operating costs, led mainly by a steep drop in fuel and energy costs, which offset softer realisations
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Cement firms gained from decline in operating costs, led mainly by a steep drop in fuel and energy costs, which offset softer realisations
Aggressive volume push at the expense of pricing resulted in an about 6% sequential decline in cement prices to Rs 370- Rs 375 on average per 50 kg bag in the fourth quarter.
However, in the current context of subdued cement prices and heightened competition, these positives may be overshadowed
India News: NEW DELHI: Post the hike in cement prices across India, builders have opined that the trend will weaken the already slow demand for affordable houses .
The recent spike in cement prices augurs well for manufacturers, but sluggish demand may play spoilsport in sustaining higher prices