Business Standard

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

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ACC and Ambuja Cements follow the January-December financial year, while all other cement makers in the country follow the April-March format

Krishna Kant Mumbai
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

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