Best Cement Stocks to Buy in India 2022

After China, India is the world’s second-largest cement manufacturer

and it is also the world’s third-largest consumer.

Housing and real estate account for 65 percent of cement consumption, with public infrastructure and industrial development accounting for 25 percent and 10%, respectively.

The cement sector is undergoing a structural transformation as a result of COVID-19

which required many enterprises to efficiently manage their expenses.

Cement businesses were able to not only overcome the crisis, but also return to growth in FY21, thanks to strong pricing levels across regions and low operating costs.

In terms of management commentary, several top cement businesses have resumed CAPEX plans that had been put on hold due to the pandemic

indicating that large cement players’ confidence is returning and the rough times are essentially passed.

Cement businesses are facing significant cost headwinds in the medium term, with most reporting 40-50 percent increases in raw material,

power, and fuel costs, backed by rising energy and logistic expenses, posing a challenge in maintaining high realisations and profits.

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