Aggressive volume push at the expense of pricing resulted in an about 6% sequential decline in cement prices to Rs 370- Rs 375 on average per 50 kg bag in the fourth quarter.
Cement prices may go up if input cost continues to rise : India Cement MD N Srinivasan Variable cost for the quarter was high. If there is an increase in the input cost, we will have to increase the price, said Srinivasan in an interaction
Ashutosh Kumar | May 24, 2021 | Updated 16:15 IST
Vice Chairman and Managing Director of cement major, India Cement Ltd, N Srinivasan today said that the company expects cement prices to go up if the input cost continues to rise. Srinivasan also said that demand is now improving in Western and Northern Indian where lockdown is gradually being eased.
Maintaining that the company will stick to its capital expansion plans despite the second wave, Srinivasan also said that he expected the lockdown restrictions to be eased by mid-June after which pent up demand will drive sales and growth.