Summary

After two years of heady growth in demand, the cement industry is staring at a mid-cycle slowdown this fiscal on a high base.

Demand has taken a beating from weak government spending - as seen in the first half - and the liquidity crunch that has impacted the real estate market, besides external factors of sand and water shortage.

That said, chunky price hikes during onset of the year are expected to support revenue growth. Further, falling prices of commodities are likely to benefit cost efficiencies. This is set to drive operating profitability to a high. How will this contrasting impact of weakening demand and improving profitability impact the industry?

For answers, do join the webinar which will include a presentation by CRISIL’s experts, followed by a panel discussion with senior industry leaders and a Q&A session. The following aspects would be covered:

• Dissection of demand slowdown and outlook (including regional play)
• Upcoming capacities and capex
• Peaking clinker utilisation
• Trend in realisation and cost structure
• Profitability and capex in the sector
• Credit view on the sector