Emkay Global in a recent sectoral report said the average pan-India cement price increase was about Rs 3-4/bag in October 2022. Cement companies are likely to increase the price per bag of cement by Rs.10 to Rs.30 in November. The demand for cement was impacted in October due to a delayed exit of monsoon and labour shortage owing to festivities and holidays.
The demand is expected to improve in upcoming weeks, with all major festivals ending and given the onset of a busy construction season. The cost pressure is expected to ease in coming quarters for the industry players and the industry margins are expected to bottom out in Q2, with peaking of costs, higher exit of cement prices and pick-up in construction activities in coming quarters.