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Business Standard

Major cement companies report volume growth in Q1, revenue remains muted

Leading cement manufacturers reported single-digit volume growth in the June quarter, though their topline was muted on account of the continued downtrend in the price. Listed manufacturers such as UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat - in their latest quarter earnings reported gains in volumes, ranging from 3 to 9 per cent and increase in capacity utilisation. However, soft cement prices have put their topline under pressure in the April-June period. Besides, raw material costs went up marginally due to an increase in the cost of fly ash and slag. The all-India average cement price was at around Rs 348 per 50 kg bag in June 2024, down around 3 per cent year-on-year. However, this was higher when compared to Rs 335 per bag in May 2024. For the first two months of FY25, the average cement price was at Rs 340 per bag, down 8 per cent YoY. In FY24, the average price was Rs 365 per bag and Rs 375 per bag in FY23, according to the report. Moreover, intense .

Business Line

Nomura’s top cement stock picks: Shree Cement, Ultratech, Ramco Cements, and Nuvoco

Nomura identifies aggressive expansion targets and stronger balance sheets of major cement players as key drivers for sector consolidation

Business Line

Goldman Sachs unveils new ratings for cement stocks: Ultratech, Shree, Ambuja, Dalmia, and ACC

Goldman Sachs’ latest report provides valuable insights for investors in the Indian cement sector. Its strategic assessments and price targets highlight opportunities and risks across major companies

The Economic Times

Shree Cement's installed power capacity touches 1 GW, to focus on green generation

India's third largest cement manufacturer, Shree Cement, announced on Monday that it has achieved an installed power capacity of 1,000 MW. This milestone was reached with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit. The accomplishment involves a mix of solar, wind, thermal, and waste heat recovery power plants.