Southern cement players in a sweet spot on higher prices across regions

This is good news for South Indian cement firms, which have seen a spell of weak prices and rising expenses impact their earnings growth

Chart
Premium

Ujjval Jauhari
Recent channel checks by brokerages showed an improvement in cement prices across India, for February. The same was being led by South India, where a 16.9 per cent month-on-month (MoM) rise in the price of a 50 kg bag has resulted in a 5.8 per cent improvement in the average all-India cement price MoM, indicates JM Financial’s data.

This is good news for South Indian cement firms, which have seen a spell of weak prices and rising expenses impact their earnings growth. For instance, rising costs and lower realisations pulled down India Cements’ per tonne profitability by 26 per cent year-on-year

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2019 | 12:31 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com