Synopsis
The management said it will increase cement prices in the coming months as the cost of production increases in tandem with rising fuel prices. It has already increased cement prices by ₹10-15 in the first week of October. UltraTech said this increase has been accepted without much resistance from buyers. Buyers know that further price increase is “imminent” and they are prepared for it, UltraTech executives said.
ET Intelligence Group: For any cement company, rising fuel costs remain a major challenge. That’s because fuels of every type – coal or motor fuel – make up the biggest cost pie.
UltraTech, India’s cement leader, told analysts after the earnings call that it is geared to overcome challenges posed by rising input prices – and to effect one of its own.
The management said it will increase cement prices in the coming months as the cost of
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