Cement prices could go up, but earnings safe: India Cement

Cement prices have been the talk of the industry for a very long time. South India prices tanked for the first time in two years this season. Recently, the price per bag of cement in the west zone of India dropped nearly Rs 5-10. With slow growth in infra and construction segment, and realty pack too seeing a downturn, will cement companu earnings be affected too badly? CNBC-TV18 catches up with VM Mohan, chief financial officer, India Cements, to get his view on the sector and his company performance in specific.

Speaking to the channel, he says that pricing remains stable in most markets now and the drop in the west was mere correction. Per bag of cement costs Rs 260-300 in South India. He however says that prices could go up in future, but India Cements is poised to make do with it, especially due to the current surplus and capacity addition.