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CareEdge Research Report
Owing to strong momentum in housing, infrastructure, and industrial development, the cement industry in India is set to see an upswing in demand in FY23. We believe the industry is likely to move at high single-digit growth on account of government thrust for infrastructure and strong traction in capital expenditure.
Various initiatives by the government along with several micro, small and medium enterprise schemes are set to propel capital expenditure from private players.
While demand is likely to remain strong in FY23, headwinds arising out of rising cost pressure could create some stress on the profitability of cement companies.
Resultant price hikes by cement producers will become evident and might sustain in the near term.
However, due to the competitive nature of the industry, the magnitude of the price hikes driven by cost pressure remains to be seen.
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