Cement industry margins set to contract in FY23; price hikes imminent

While credit metrics of the industry largely remain stable due to net cash positive position of large players, medium-sized firms are likely to witness more moderation in credit metrics due to subdued profitability and capex-related debt, which is expected to come on their balance sheets

Cement industry margins set to contract in FY23; price hikes imminent
While credit metrics of the industry largely remain stable due to net cash positive position of large players, medium-sized firms are likely to witness more moderation in credit metrics due to subdued profitability and capex-related debt, which is expected to come on their balance sheets