Icra has expected the volumes to grow by 7-8 per cent to 455-460 million metric tonne in financial year 2025 (FY25
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Despite the tempered growth, the operating profitability of cement companies is anticipated to remain stable at Rs 975 to 1,000 per tonne
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Looking ahead, cement demand is expected to grow in the range of 5 per cent to 7 per cent in the current financial year (FY25)
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According to Icra, forecasts suggest this trend will continue, with expectations of a further surge to 55 per cent by March 2025, indicating a notable consolidation within the sector.
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