Cement industry margins set to contract in FY23; price hikes imminent
- While credit metrics of the industry largely remain stable due to net cash positive position of large players, medium-sized firms are likely to witness more moderation in credit metrics due to subdued profitability and capex-related debt, which is expected to come on their balance sheets
NEW DELHI: Cement companies are expected to register a 8-9% rise in their volumes in FY23 on strong demand, but operating profit margin may decline due to high input costs, CareEdge Ratings said on Monday.
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