Cement producers expect net profit declines in the December quarter, leading to earnings downgrades. Despite a 7-8% increase in sales volumes, revenues will remain flat. Ebitda for these companies may drop by 20-30%, while some profits could decline by 30-60%. Larger producers like UltraTech Cement and Ambuja Cements may fare better.
Onion prices rise 20% in past two weeks as rains damage crop
Pune’s onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals.
June 2, 2025