The cement sector in the current financial year (2024-25 or FY25) could see stable prices and lower costs, said top executives from large manufacturers, some hinting at moderate growth in demand for the same period.
"Going forward, there might be some moderation in FY25 in terms of demand," said Atul Daga, chief financial officer for UltraTech Cement, during his address to analysts in a post earnings call last week.
However, he added, "Our belief is that the slowdown should be shorter than in earlier years, primarily because private sector housing has also picked up momentum." For 2023-24 (FY24), cement demand in India is estimated to have grown by 8-9 per cent year-on-year.
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