Cement stocks to feel the heat of falling demand, prices

In the March 2024 quarter, all-India average cement price fell by 5.1% year-on-year to Rs359 per 50 kg amid weak demand across regions. As a result, cement firms focused more on sales volume. Sales volume of large cement companies grew by 7-22% during the quarter from the year ago. The top four companies including UltraTech Cement, ACC, Ambuja Cements, and Shree Cement command over 55% of the market share.

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