Competition for market share intensifies among cement companies in Q1

For the June-23 ended quarter, Dalmia Cement reported a 12.4 percent rise in cement volumes from a year ago

Cement manufacturers’ show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. For instance, Dalmia Bharat (Cement) said it has lost market share in eastern India owing to lack of price discipline.

Industry analysts also said that the seasonal weakness in cement prices for Q1 is showing up earlier than usual.

Companies do not disclose a regional break-up of market share.

However, at an all-India level, Dalmia Cement’s peers in the industry — UltraTech Cement, Shree Cement and ACC — all grew at a significantly higher pace, outpacing both Dalmia’s and industry growth. 

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