CRISIL: Benign Costs to Prop Up Cement Industry Profitability on-Year
April 24, 2024
April 24, 2024
MUMBAI, India, April 24 (TNSres) -- CRISIL, an S&P Global company, issued the following news release:
Cement volume growth recovered to a healthy 7-8% on-year in the last quarter of fiscal 2024, on aggressive volume push, after growing ~15% on-year in the first half and logging a moderate slowdown in the third quarter due to regional hindrances.
This ensured the third straight year of healthy demand growth at ~11% in fiscal 2024 to ~441 million tonne (MT). On this h . . .
Cement volume growth recovered to a healthy 7-8% on-year in the last quarter of fiscal 2024, on aggressive volume push, after growing ~15% on-year in the first half and logging a moderate slowdown in the third quarter due to regional hindrances.
This ensured the third straight year of healthy demand growth at ~11% in fiscal 2024 to ~441 million tonne (MT). On this h . . .