Cement demand growth slows but mills to stay profitable: ICRA
Relative weakness in cement offtake in Q1FY20 is indicative of the slowdown
Average prices for FY20 are, however, likely to be better than FY19
Mumbai: Growth in domestic cement demand is expected to decline to around 7% in FY20, according to credit ratings agency ICRA. This compares to a 13% demand growth in FY19.