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Cement Q3 Results Preview- Structurally Positive; Motilal Oswal Lists Ambuja, UltraTech, JK Cement As Top Pick
There are signs of recovery in cement demand after the festive seasons, and Motilal Oswal estimate industry volume growth of ~8-9% YoY in H2 FY25.
07 Jan 2025, 09:30 AM IST 
Cement prices have also experienced an upward trend, driven by MoM price hikes of ~3-5% (Rs 10-15/bag) in December 2024 across regions.. (Source: freepik)
Motilal Oswal estimates its cement coverage universe to report a volume growth of ~8% YoY in Q3 FY25, supported by a low base, pent-up demand, and a pickup in construction activities.
