Despite early onset of monsoons, cement prices remained resilient, indicating producers’ pricing discipline.
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UltraTech Cement is likely to lead with 17.0% volume growth, driven by incremental contribution from inorganic additions. ACC and The Ramco Cements are expected to post volume growth of 7.3% and 5.0%, respectively, while Shree Cement is likely to witness a modest volume decline of 2.3% YoY.