Poging GOUD - Vrij
After chasing volumes, cement cos hike prices
Mint Mumbai
|September 06, 2023
Higher prices are key to profitability as input prices remain volatile
New Delhi: After a lull, cement makers have begun raising prices in September, expecting growing construction demand to sustain with the south-west monsoon drawing to a close. However, it remains to be seen if higher prices will stick, and give the much-needed push to profitability.
In September, companies raised prices by ₹10-35 per 50kg bag, analysts at Jefferies India Ltd said, after an interaction with dealers. The price hike follows 1-2% month-on-month decline in the price in August, and stable prices until then.
The June quarter saw strong demand for cement, but instead of raising prices, companies chose to push volumes and expand the market shares. Consequently, there was little improvement in profitability. Average June quarter cement price at ₹355 was slightly lower than ₹358 in January-March, and significantly lower than ₹365 a year ago.
Dit verhaal komt uit de September 06, 2023-editie van Mint Mumbai.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Mumbai
Mint Mumbai
America should think before it slams its door on immigration
The benefits of it are subtle but compelling enough to keep it going
3 mins
October 09, 2025
Mint Mumbai
Fintechs must design for all, says RBI governor
increase transparency and awareness in consent management and data sharing under the account aggregator framework,\" he said.
1 mins
October 09, 2025
Mint Mumbai
Road builders sweat as highway tenders dry up
After a prolonged slowdown in orders, India's road construction giants are keeping their fingers crossed for a long-awaited revival.
2 mins
October 09, 2025
Mint Mumbai
Competitive exams in India: Are we testing the right parameters?
Their focus is on skills that often have nothing to do with requirements of the actual roles on offer
3 mins
October 09, 2025
Mint Mumbai
JSW tweaks auto top deck before EV, truck launch
Sajjan Jindal-led JSW Group has introduced a series of changes to the boards of at least two ofits auto companies and changed the holding company of its component business between August and September, as the conglomerate gears up to launch cars and trucks next financial year.
2 mins
October 09, 2025
Mint Mumbai
India pulls several anti-dumping levies on China, others
New Delhi has quietly allowed the expiry of anti-dumping duties on a range of goods from several countries including China, signalling a recalibration in its approach to trade protection.
2 mins
October 09, 2025
Mint Mumbai
Ombudsman rules, but are health insurers playing fair?
How to enforce ombudsman awards, challenge cancellations, ensure uninterrupted coverage
4 mins
October 09, 2025
Mint Mumbai
Design products accessible to all, RBI governor tells fintechs
Fintechs in India have a clear mandate from the head of the country's central bank: design products that are accessible, inclusive, and tailored for underserved populations.
2 mins
October 09, 2025
Mint Mumbai
Airtel's chief flags regulatory overreach in telecom sector
Telcos face disproportionate regulatory burden compared to other digital players, Vittal said
2 mins
October 09, 2025
Mint Mumbai
Advertisers push for transparency standards in ad sales
Some of the advertising industry's largest players have joined forces to propose new standards for transparency in the digital auctions that increasingly dominate ad sales.
4 mins
October 09, 2025
Translate
Change font size