Cement industry's 3QFY17 performance was impacted by demonetization drive, which adversely Overall Realization Scenario Remained Dismal affected demand from IHB and select real estate segment. Despite demand up-tick in Dec'16 Realization environment was subdued as the companies in our coverage universe saw ~1% owing to calendar year end impact, cement companies under our coverage universe registered sequential decline (flat on YoY comparison) in average realizations. Notably, as per our channel a flat YoY growth. Healthy operating efficiencies aided the companies to stay afloat in terms checks done at Dec'16 end, the trade segment price in Western, Northern and Central regions had...