In an interview with CNBC-TV18, Bina Engineer, Director of Sanghi Industries shared her readings and outlook on how FY18 is looking for the cement industry.
She said that there could be a price increase of 5 percent in April. Cement prices were down 5 percent in Q4 versus Q3. Therefore, will see an impact on EBITDA margin in Q4, she said.
She said FY17 was topsy-turvy in terms of cement pricing. However, they did 20 percent higher volumes in domestic cement in Q4, she added.