Moneycontrol.com-Cement dealers hike prices incrementally across India this month, highest rise in south, east markets
Cement dealers have undertaken incremental price hikes since the start of December, following four to five months of flat prices that reduced dealer margins and impacted the profitability of cement manufacturers.
Dealers attribute the hikes to increased demand from the real estate sector, driven by better labour availability post-festive season, and an increase in orders from the infrastructure sector.
The hikes
In western India, where cement prices are highest, dealers have raised prices by around Rs 5-10 per 50 kg bag. In rest of India, particularly in the southern and eastern regions, which are highly fragmented markets, the price hikes have been larger. Prices in these regions remain lower compared to western and northern India.
