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We expect the demand to bounce back from January onward

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ICR is constantly in touch with cement dealers, who are the crucial, connecting link between the manufacturer and the consumer. Dealers know the pulse of market, beat by beat. So we asked them how their business was going and what were the problems they were beset with. Here is their response, in their voice.

"We expect the demand to bounce back from January onward." – Sumit Paigude, Proprietor, Amit Steel

We started our services in 1997. Today we are selling around 3500 to 5000 tonnes in a month. At any given point we have a stock of around 1000 bags at our warehouse. We are supplying cement primarily in Pune and also in Solapur city. Our top selling brands include Ambuja, Coromandel and Vasavdatta. We feel that having multiple brands at the shop is better as it offers a variety to the customers. More than that, from a business perspective, it ensures continuity of business. For example, recently we had a huge shortage of Ambuja Cement due to shortage of wagons for transporting the material. The demand for cement was sluggish in past year. This year the demand seems to be improving. We expect the demand to bounce back from January onward. Most of the projects are initiated during Diwali. Recently, cement prices were increased dramatically, which led to a reaction from the builder community. When cement prices were slashed they were reduced in a gradual manner, but when they bounced back the rates increased suddenly. I think that is not a good strategy.

Apart from selling cement we are also into selling steel and such products related to construction. One cannot depend on cement alone as a sole source of revenue.

Concrete

Shree Cement reports 2025 financial year results

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

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Concrete

Rekha Onteddu to become director at Sagar Cements

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

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Concrete

India’s cement consumption set to rise

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/

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