Improved realisations driven by volume and premiumisation amid steady selling prices and cost of inputs will lead to a 250-300 basis points (bps) growth in the profitability of cement manufacturers this fiscal, according to Crisil.
The reduction in GST on cement from 28 per cent to 18 per cent is expected to be a game-changer for the sector, according to a sector report by Nuvama Institutional Equities.