Cement producer ACC's Q1 net profit dropped 23% to ₹361 crore due to lower realisation, but sales volume increased 9% to 10.2 million tonnes.

Cement producer ACC reported a 23% drop in Q1 net profit to ₹361 crore due to lower realisation. Despite the decline, the company's sales volume increased 9% to 10.2 million tonnes, the highest in the last five years. The cement industry is anticipated to grow 7-9% this fiscal year due to government investments in infrastructure projects and the launch of Phase IV of the Pradhan Mantri Gram Sadak Yojana, expected to boost demand for cement.