Summary:

In 2024, India's cement industry saw a surge in mergers and acquisitions, with over 10 transactions worth more than US$ 3.5 billion, led by UltraTech Cement and Ambuja Cements. This consolidation has resulted in a more concentrated distribution of cement assets among the top four companies: UltraTech, Ambuja, Shree Cement, and Dalmia Bharat. Despite the rise in deals, cement prices remain under pressure due to weak demand from elections and monsoon seasons.

The sector has experienced significant consolidation, with 204 million tonnes of capacity changing hands since April 2014, including 125 million tonnes between FY23 and November 2024. Analysts anticipate that heightened competition will result in minimal cement price increases. Volume growth for FY25 is expected to drop to 4-5%, from 9% in FY24. The southern region remains a key area for future consolidation and acquisition opportunities.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.