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Demand revival hopes, lower costs driving optimism for UltraTech Cement

While India's largest cement maker is adding capacities to gain market-share, margins are also seen improving

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UltraTech Cement

Devangshu Datta

3 min read Last Updated : Jul 03 2023 | 9:28 PM IST

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Cement is one sector where investors have been taking positions on the hope that demand would see a revival in the 2023-24 financial year (FY24), given a rebound in the realty sector as well as a strong budgetary focus on infrastructure.

Indeed, every cement major has been committed to capex to increase capacity in anticipation of rising demand.

Another reason for optimism has been a softening of input costs. Energy costs, in particular, are down -- especially petcoke costs -- and cement production is energy-intensive and requires pet-coke as fuel. On average, the reduction should translate into savings of at

Topics : UltraTech Cement UltraTech Cement demand stock markets

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