Volume, pricing trends hint at improving demand for cement

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The volume recovery seen in May and June, driven by strong demand from the rural and semi-urban areas, has largely sustained in the September quarter.

Synopsis

Prices moderated in the second quarter, traditionally soft because of the monsoon rains across India, but volume growth points to potential margin expansion in the second half (H2) of the fiscal year that coincides with the post-harvest dry season.

Mumbai: Cement volumes could climb sequentially by about a third in the three months to September in India, indicating revival of demand in the world’s second-biggest building materials industry that should also benefit from lower input and logistics expenses.Prices moderated in the second quarter, traditionally soft because of the monsoon rains across India, but volume growth points to potential margin expansion in the second half (H2) of the

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ET Bureau

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