Strong demand is anticipated to result in a 7-8 per cent volume growth for cement producers in FY23, but operating profit margins may drop because of high input prices, according to rating agency ICRA on Monday.
According to the analysis, the operating margins for the cement industry will be the lowest in the previous seven years. Cement industry volume is anticipated to increase in FY23 by 7-8
per cent to reach about 388 million metric tonnes.