Now Reading: Cement prices up Rs 10 per bag in South India
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Cement prices up Rs 10 per bag in South India
Cement prices in Tamil Nadu, Karnataka and Kerala have risen by Rs 10 per bag, driven by higher input costs. The increase affects key southern markets where demand remains steady.
Cement prices in Tamil Nadu, Karnataka and Kerala have risen by Rs 10 per bag, driven by higher input costs. The increase affects key southern markets where demand remains steady.
Analysts estimate that further price hikes may be needed to fully offset rising expenses for manufacturers. The current adjustment partially covers cost pressures from fuel and raw materials.
Indian Opinion Analysis
The Rs 10 per bag increase reflects cement makers' attempt to protect margins after coal and power costs climbed. South India, where capacity utilisation is high and competition less intense than in the north, often leads price revisions. A sustained rise depends on demand staying firm through the construction season, if offtake slows, manufacturers may absorb costs instead of passing them on. The next quarterly earnings will show whether operating margins stabilise at current levels.
Source: ndtvprofit.com
This brief was synthesised by AI from the source linked above.
