For the cement sector, two themes played out in 2024: rising consolidation and weakening prices. At the forefront of inorganic expansions were Aditya Birla Group UltraTech Cement Ltd and Adani Group's Ambuja Cements Ltd, who acquired smaller companies to aggressively boost market share and meet capacity expansion targets.
Elevated competition, and muted spending on infrastructure and allied projects by the government weighed on demand and prices during the year. In effect, the industry's key earnings parameters suffered.
Over the past four quarters, the sector's profitability measure Ebitda/tonne declined from ₹1,200 to ₹700 despite cost tailwinds, according to an IIFL Securities report.
この記事は Mint Chennai の December 31, 2024 版に掲載されています。
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この記事は Mint Chennai の December 31, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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