The cement prices in FY2024 are expected to sustain at previous-year levels. Industry s operating margins to improve by 260-310 bps to 16.0-16.5% in FY24, according to Icra.
Cement Prices: Supported by healthy demand prospects, the capacity addition in the cement industry is estimated at 63-69 million MT during FY24-FY25, of which around 33-36 million MT will be added in FY24 and around 30-33 million MT in FY25.