India’s top four see dip in market share
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
