Cement’s Demand In Top Gear; Price Hikes In April To Revive Margins: Prabhudas Lilladher
Workers load sacks of cement onto trucks parked at a rail yard on the outskirts of Patna, Bihar. (Photographer: Anindito Mukherjee/Bloomberg)

Cement’s Demand In Top Gear; Price Hikes In April To Revive Margins: Prabhudas Lilladher

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Prabhudas Lilladher Report

Based on our channel checks, all-India cement demand is estimated to grow by 8% in February on a base of up 4%.

We rate the quality of growth far better than September-November 2020, where growth was largely led by pent-up demand and weak base.

Among regions, North and East maintained outperformance over other regions with demand growth at 15% YoY each.

Demand in central region is estimated to have grown by 7%. Western region’s demand grew by 4% on back of mild recovery in Maharashtra.

While, demand in South remained muted with flattish growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Cement Sector Update.pdf

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