Construction Industry News
Average pan-Indian cement prices fell 1% month-on-month (Rs 4/bag) on Dec 22, after witnessing gradual price increases over the past three months. Prices fell 2% MoM in the East and South, while remaining broadly flat in other regions as of Dec. 22. In Q3FY23, average cement prices across India increased by 2-2.5% (Rs 8-10/bag) on a YoY and QoQ basis.
Industry volumes were likely flat to marginally positive year-over-month and month-over-month in December 22. In Q3FY23, volumes are expected to be up 7-8% year-over-year, led by a favorable foundation and strong government infrastructure push, with the East and South leading regionally.
After gradual price increases over the past three months, the average pan-Indian cement price is likely to have fallen by 1% MoM (Rs 4/bag) on Dec 22. Prices in the north and west are likely to have remained flat on a quarterly basis, while in the central region they may have fallen by 2%.
After gradual price increases over the past three months, the average pan-Indian cement price is likely to have fallen by 1% mom (Rs 4/bag) in December 22. Prices in the north and west are likely to have remained flat on a quarterly basis, while in the central region they may have fallen by 2%.
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