Indian cement companies are scaling back growth forecasts as fuel, packaging, and logistics costs squeeze margins. Firms expect slower demand growth this fiscal year, and say price hikes may not fully offset the rise in expenses. Some are postponing capacity expansion plans, with geopolitical shocks and uncertain monsoon conditions adding to the pressure.
With India’s consumer demand cooling and winter arriving less reliably, brands and retailers are still pushing inventory hard. The strategy bets that a weak season can still spark late demand spikes, but stretched stock and muted sales could squeeze margins fast. The real question: will early caution come, or will the gamble pay off when temperatures finally drop?
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