Cement Prices to Stabilize Amid Weakened Demand

Cement prices are projected to remain steady in the near future, with no further hikes anticipated across most regions. A report from Incred Equities suggests any attempts to elevate prices may not sustain amid weak demand and the beginning of a traditionally slow season.

Although prices have risen by 1.5% since March 2025, potential for additional increases seems limited. The average pan-India cement price decreased by Rs 4-5 per bag in June 2025, attributed to a subdued monsoon period affecting demand. However, prices remain 5% higher year-on-year, standing at Rs 383 per bag, due to earlier significant hikes in April 2025.

Despite a recent decline, current quarter prices have been stable compared to the last quarter of 2025. Notably, the southern and eastern regions have shown stronger pricing trends. Meanwhile, demand from governmental infrastructure projects has yet to strengthen, and the monsoon has further diminished demand, with rainfall intensity and post-monsoon demand recovery playing key roles in future price trends.

(With inputs from agencies.)