Cement demand in India forecasted to grow 7-8% this fiscal year to 475 million tonnes, as per CRISIL Ratings, with a rebound expected in the second half.
Cement demand in India is forecasted to grow by 7-8% this fiscal year, reaching 475 million tonnes, a decline from the 11% annual growth seen between FY22 and FY24, according to CRISIL Ratings. Despite slow growth, operating profitability for cement companies is expected to remain stable at ₹975-₹1,000 per tonne. A rebound in demand is anticipated in the second half, driven by improved rural housing, government spending, and favorable weather conditions.
October 14, 2024
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