Care Ratings

Cement Update CareEdge Report

According to CareEdge, the current upcycle in infrastructure and real estate is expected to significantly boost cement demand.

Feb 27 2023 | -

Cement Update CareEdge Research

India’s cement production and consumption both grew by 11% in FY23 (April-November) on a y-o-y basis

Jan 30 2023 | -

Cement Industry Margins Set to Contract in FY23, Price Hikes Imminent

Driven by the housing and infrastructure sectors, the cement industry has witnessed a V-shaped recovery and healthy growth in FY22

Nov 28 2022 | -

Cement Update - Cost Pressure to Stay Even as Demand Grows in FY23

Growth in India’s cement sector has seen a strong bounce back in FY22 as the year closed with a20%, reaching an all-time high, after witnessing a decline of 11% in FY21.

May 10 2022 |

Cement demand bounces back, aiding cost pass through

With the onset of the final quarter of FY22, CareEdge expects cement prices to trend higher due to pick up in the overall construction activities giving boost to cement demand.

Jan 27 2022 |

Cement Sector - Battling the cost wave

The macros of the cement industry remain positive in the long term driven by revival in demand from the urban housing sectors, upcoming infrastructure projects as well as generous rural demand, though presently the sector is riddled with the cost-side issues.

Oct 28 2021 |

Update on Cement Industry

We do expect output to increase by 4-7% this year assuming no lockdown. A lot will depend on the progress of the government capex in infra as well as the real estate sector which is sending mixed signals presently...

Jul 19 2021 |

Cement Industry - Galloping Towards Growth

CARE Ratings expects demand for cement to improve in a calibrated manner from July 2021 onwards...

Jun 23 2021 |

Cement Production in FY21 and Outlook for FY22

The recent spike in Covid-19 cases and consequent restrictions imposed in almost all states across the country from April 2021 onwards is expected to impact the demand-supply dynamics in the cement industry in Q1-FY22...

May 24 2021 |

Update on Cement Industry 11M-FY21

Cement production is to end with a fall in production by 11%-13% during FY21 and capacity utilization is to be around 50-55%. Production of cement has grown by 13.3% during FY19 and fallen by 0.8% during FY20...

Apr 08 2021 |