Switzerland-based Holcim group losing share in Indian cement market

Swiss multinational is now a distant second in the country's cement market, behind Ultratech

The Holcim group — the world’s top cement maker outside Chi­na — continues to lose market share to its rivals in the Indian cement market.

The combined revenue market shares of ACC and Ambuja Cements — the two Holcim group companies in India — declined to a low of 17.1 cent in FY21. This is down from 18.8 per cent a year ago and a high of nearly 25 per cent in FY08. 

As a result, the Holcim group is now a distant second in the domestic cement market in terms of revenues, behind Aditya Birla’s Ultratech Cement.

ACC and