Profitability of cement firms to take a hit due to weak prices, high costs
The September quarter is seasonally weak for the cement industry and prices weaken due to lack of adequate demand, heavy rainfall in a few states and floods in Kerala
Cement prices across India remained weak in the past two months and declined further in September. A recent market assessment by domestic brokerage house Kotak Institutional Equities showed that average cement price at the all-India level corrected by ₹ 3 per bag so far in September. One cement bag weighs 50 kg.
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