News: As per media reports, cement dealers have increased prices on demand recovery in the real estate (a major consumer of cement demand) & infrastructure sector. As per dealer, cement companies have announced price hikes of Rs 5-10/ bag in west, followed by Rs 20/bag in north & Rs 30-40/ bag in east & west region.
Views: We understand that there have been several attempts for price hikes in the last few months, but the hikes have not been absorbed in the markets. If these price hikes get absorbed in the markets, the full impact would be visible in Q4FY25. Though the pricing environment remains uncertain in near term, we believe that the prices are likely to improve gradually in the medium term as the demand is expected to pickup.
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