Sector Construction Materials - Latest news, views and updates

SECTOR | 12 Feb 2025

Cement prices stabilizing with signs of bottoming out

by KRChoksey

KRChoksey

Cement prices across India remained subdued through October and November 2024, reflecting weak demand conditions. However, a turnaround began in December, driven by government capital expenditure, rural housing growth, and infrastructure projects which helped stabilize prices.

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 10 Feb 2025

Top Conviction Ideas - Cement

by Axis Direct

Axis Direct

Top Conviction Ideas - UltraTech Cement Ltd, JK Cements Ltd, Ambuja Cements Ltd

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 08 Jan 2025

Cement companies continue to face pricing pressure

by KRChoksey

KRChoksey

Prices to remain under pressure amid consolidation, capacity overhang and subdued government capex
• The cement sector's performance in H1FY25 was characterized by muted volume growth across the board, compounded by a consistent erosion in pricing power. This pricing pressure, driven by sector consolidation and competitive dynamics, saw realization and EBITDA per ton decline further.

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 06 Jan 2025

Q3FY25 Earnings Preview - CEMENT

by Axis Direct

Axis Direct

Q3FY25 Earnings Preview - CEMENT

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 03 Dec 2024

H2FY25E government spend surge to drive cement sector growth

by KRChoksey

KRChoksey

Cement prices continued to decline in Q2FY25, extending the downtrend observed over the past few quarters. The sequential drop in prices can be attributed to several factors, including prolonged monsoons, ongoing sector consolidation, and the traditionally weak seasonality of the quarter.

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 13 Nov 2024

Top Conviction Ideas Cement

by Axis Direct

Axis Direct

Top Conviction Ideas Cement: UltraTech Cement Ltd; JK Cements Ltd ; Ambuja Cements Ltd

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 15 Oct 2024

Cement companies struggle amid persistent price pressures

by KRChoksey

KRChoksey

The cement sector is gripped by falling prices, consolidation, and a fierce market share battle
In Q1FY25, the cement sector experienced moderate volume growth across our coverage, but the persistent decline in cement prices continued to erode both realization and EBITDA per ton.

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 07 Oct 2024

Cement

by Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

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SECTOR | 07 Oct 2024

Q2FY25 Earnings Preview - CEMENT

by Axis Direct

Axis Direct

TOP RESULT PICK Our Top Positive Plays: UltraTech Cement; Ambuja Cement; Dalmia Bharat Limited; JK Cement; Star Cement

Prabhudas Lilladhar released a Sector Update report for Construction Materials on 14 Jun, 2025.

Alert

SECTOR | 30 Aug 2024

Muted volume growth and weaker realization drag earnings

by KRChoksey

KRChoksey

In Q1FY25, the cement industry experienced subdued volume growth YoY and ongoing pressure on cement prices, resulting in lower realizations for cement companies.
Cement prices witnessed pressure in Q1FY25 due to general elections, heat waves, and industry consolidation.