 "Ultratech Cement")
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Ultratech Cement (Photo: PTI)
The cement industry struggled through the July-September quarter (Q2) of financial year 2025 (FY25) due to seasonal factors and high competitive intensity. The first half (H1FY25) saw quarters of consecutive decline. Cement prices saw 4-5 per cent quarter-on-quarter (Q-o-Q) decline in Q2FY25, despite attempts to hike prices. Despatch volumes were low due to heatwave, monsoons and a delayed Budget.
Ebitda may drop 20-25 per cent year-on-year (Y-o-Y) in Q2FY25. The H1FY25 Ebitda could drop 10-15 per cent Y-o-Y over the same prior period. Hence, the sector could be hit by earnings downgrades. The medium-term will continue to
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