A laborer carries an ACC cement bag in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)
Cost cuts and higher volumes helped pan-India cement makers overcome nearly flat realisations in the quarter ended March.While Ambuja Cement Ltd. and ACC Ltd. outperformed on operational metrics in the quarter ended March, market leader UltraTech Cement Ltd. reported better volumes. That came as demand continued to recover in the January-March quarter. But a severe Covid-19 second wave now threatens to slow down that rebound in the t...