India’s top four see dip in market share

India’s top four see dip in market share
28 January 2009

Fall in demand and aggressive capacity expansion by competitors has resulted in the top four cement manufacturers in India witnessing a dip in their market share. The four companies – ACC, Ambuja Cement, Grasim and UltraTech--together hold about 39.80% market share currently.

“ACC Ltd, the country’s largest cement producer, whose volume market share witnessed an eight-year peak at 13.2% in FY05, has been witnessing a decline since. Its share is currently at 11.8%,” said J Radhakrishnan, an analyst with India Infoline, in a report.

Ambuja Cement Ltd’s volume market share also has dropped from 11% in FY07 to 10%.

Grasim’s fortunes have dipped as well; its volume market share was 10.50% in FY04, which slipped to 9.72% in FY07 and further to 9.47% in FY08. UltraTech Cement Ltd’s market share also dipped from 10.47% in FY04 (it was called L&T cement then) to 10.15% in FY07, and 9.15% in FY08.
Published under Cement News