Though, the sector’s overall statistics will be released next week, analysts said the industry would not slide further for the second consecutive month and might bounce back. “It would not be a high growth as demand was not strong across the country. But according to our estimates, cement sales would be around 2-3 per cent in the month,” said a Mumbai-based research head who monitors the cement industry.
ACC’s sales growth was 2.13 per cent while its sister concern Ambuja Cements posted a growth of 5.61 per cent. Jaiprakash Associates reported 28 per cent rise in its dispatches while Shree Cement saw a decline of 3.38 per cent in its sales figures on a year-on-year basis.
Except ACC, cement majors have reported a slide in November. UltraTech’s sales had dramatically plunged 9.25 per cent during the month resulting in a negative growth of six per cent in the month.
According to a industry note from India Infoline, this would be another month of moderate growth with 0-3 per cent rise in sales. “Demand from the infrastructure segment has improved marginally,” said the note.
