Low demand, intense competition in Q2: Top cement cos grow, others tumble

UltraTech, Dalmia, and Ambuja Cements are the only companies that reported growth in volumes compared to a year ago

Cement sales volume performance during the September quarter (Q2) may have boosted the impact of consolidation in the sector, with three of the top-four cement manufacturers reporting growth. 

 

This is against a muted industry performance, and a negative show by relatively smaller firms.

 

UltraTech Cement, Dalmia Bharat, Ambuja Cements, Sagar Cements, Nuvoco Vistas Corp, JK Cement and Heidelberg Cement are some companies that have disclosed numbers for Q2 so far. Of these, UltraTech, Dalmia and Ambuja are the only companies that reported growth in volumes when compared to a year ago.

 

Atul Daga, chief financial officer (CFO) of UltraTech Cement,