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You are here : IndiaNotes >> Research & Analysis >> Industries >> Cement >> Research

Cement volume growth improves in Mar 2011

Sharekhan | 04 Apr, 2011  | Follow Author | Add to my Favourites 
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Volume growth improves sequentially in Mar 2011
During March 2011, cement has registered sequential improvement in volume growth.  The overall increase in cement offtake is on account of a pick-up in the infrastructure activity (though by a lower magnitude compared to previous year). On a sequential basis the cumulative dispatches of top players have increased by 12.8%. Dealers have confirmed that the cement offtake is picking up except in the southern region.

The performance of the top three domestic cement companies - ACC, Ambuja Cements and
Ultratech Cement has also improved. ACC registered the highest volume growth (12.4% y-o-y) among the large players. Ultratech clocked a volume growth of 2.2% (y-o-y), and Ambuja registered a growth of 6.6% (y-o-y).

Prices remain strong during March
In the month of March 2011, cement prices have increased in most parts of the country by Rs15-20 per bag of 50kg. In addition to the sharp rise in the cement prices during the month, cement manufacturers, especially the ones in the south and the west regions, are expected to increase prices further in the coming week.


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