Cementing Growth: Stock Market Outlook for Cement Sector in 2025 Part 2

Consolidation in the Industry The top five cement companies' market share has risen to 54% as of December 2023 and is projected to reach 55% by March 2025, indicating ongoing consolidation. (Source)***** Pricing Trends Cement prices declined by 10% YoY in H1 FY25 due to muted demand and oversupply but are expected to stabilize or improve in H2 FY25 as demand picks up. (SourceUpstox,***** Profitability Outlook Operating profit per ton (OPBITDA/MT) is projected to improve by 1–3% YoY to ₹975–1,000/MT in FY25, aided by cost optimization and increased use of green power. (*****