Cement Sector Check - Sustaining On The Edge, And Price Hike Dilemma: Yes Securities

Yes Securities Report

We don’t see any meaningful price hike in cement sector in the coming months. Even though there is any price hike we don’t see it to sustain for long. Taking Rs 15-20/bag price hike don’t make any sense until unless there is a sharp price hike in the back of improved demand to sustain in the market.

We don’t see any big jump in Ebitda/tonne level for FY25E/ FY26E for the industry if this despair continues. However, some respite in cost front led by energy cost cools off, stable diesel prices and rapid progress on renewable energy, alternative fuel and green energy usage in the industry to provide some comfort.

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