Industry Research - Cement Production In FY21 And Outlook For FY22: CARE Ratings
Samples of cement are seen in an arranged photograph. (Photographer: Asim Hafeez/Bloomberg)

Industry Research - Cement Production In FY21 And Outlook For FY22: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The recent spike in Covid-19 cases and consequent restrictions imposed in almost all states across the country from April 2021 onwards is expected to impact the demand-supply dynamics in the cement industry in Q1-FY22.

Further, even the rural demand that had aided the growth in demand last year seems to be impacted by the second wave of Covid-19.

We expect the cement production to grow in the range of 4% to 7% in FY22.

With ease in restrictions from July onwards, demand is expected to pick up on a gradual basis as the situation evolves based on the containment of the virus and the progress in the vaccine inoculation drive.

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CARE Ratings Cement Production in FY21 and Outlook for FY22.pdf

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