Cement demand recovers in June; capex calls disregard second wave: Ind-Ra

The June volumes would have come despite rains affecting construction in some parts of the country, causing 35-40 per cent YoY growth in Q1FY22 on a low base

With the gradual easing of lockdowns and pre-monsoon pent-up demand, June is likely to have registered sequential growth of about 20 per cent in cement volumes, said India Ratings in its report on Tuesday.

The June volumes would be despite rains affecting construction in some parts of the country, resulting in 35-40 per cent year-on-year growth in Q1FY22 on a low base, the report said.

Cement volumes transported through rail rose 22 per cent month-on-month this June.

The month of April is likely to have seen a sequential moderation of around 10 per cent in volumes, owing to the dual