Cement prices may rise ₹10-15 per bag from mid-October: Emkay
What Happened
Indian cement manufacturers are likely to raise prices by ₹10-15 per bag from mid-October to offset higher fuel, power and packaging costs, according to Emkay Research. The brokerage said steady demand and a favourable demand-supply balance make the increase likely.
Key Takeaways
Cement demand is expected to remain strong, driven by construction activity and infrastructure spending. However, rising input costs continue to pressure profitability, making price hikes crucial for the industry.