Cement sector under pressure: Elara Capital warns of profit hit as fuel costs jump 39%
India’s cement sector is facing challenges due to rising oil and gas costs and global price increases for thermal coal and pet coke. Elara Capital predicts a significant impact on profits in Q2 FY27 and suggests a 1.8% price hike to offset costs. However, past attempts at price hikes have not been successful. Companies with renewable energy sources and plants near coal mines may have an advantage.