In Q2FY24, Ramco Cements saw a 38.0% YoY gain in sales volume to 4.6 MT due to increase in volume shares in both South and East markets. This led to a 30.5% YoY/ 4.2% QoQ increase in revenue, which came in at INR 23,410 Mn. The increasing demand from infrastructure sector has resulted in a strong volume offtake, which is expected to continue in H2FY24E. The cement prices had been under pressure in H1FY24 though.