5 reasons why Siddhartha Khemka is positive on cement industry for next few years

Cement demand in India is expected to continue growing at a double-digit YoY rate in Apr-May 2023, backed by governmental infrastructure development and rising private capex and real estate demand. Consequently, cement companies expect volumes to increase approximately 10-20% YoY in FY24. Cement prices have remained stable since March 2023 due to lower input costs and are expected to remain unchanged given the strong demand. However, imported coal and petcoke prices have corrected in the past six months, and fuel cost trends and pricing behavior in the industry must be watched.