Growth in cement volumes expected to moderate to 4-5% in FY2025: ICRA

India's cement industry is staring at slower growth in FY2025, with projections revised down to 4-5% due to a post-election slowdown in construction. While H1 FY2025 saw only 2% growth, the industry anticipates a stronger H2 FY2025 driven by increased rural and urban housing demand and infrastructure spending. However, profitability remains under pressure due to pricing challenges and oversupply.
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