Cement sector growth expected to remain stable this fiscal

Despite some easing in pet coke, diesel costs and revised axle norms, cement price hike remains critical from profitability perspective as per Icra report

7% and 8% – of demand growth is estimated in FY 2019 and FY2020 respectively

15% – year-on-year growth in cement production was seen in seven months of FY2019

15-18 million tonne per annum – of capacity to get added in FY19-FY20, primarily in eastern and central regions

5% to 10% – drop in cement prices in most of the markets in the North and South

67% – improvement in capacity utilisation expected in FY2019

70% – improvement may be seen in FY2020

15.9% – YoY rise to 84.9 million of production was seen in Q1 of FY2019