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In April 2022, retail cement demand witnessed an uptick. However, it started to show signs of weakness towards the end of the month on account of labour availability issues in some parts of the country, higher cement prices, and strikes by aggregates suppliers in Gujarat and Telangana.
Furthermore, while demand in the trade channel continued to be softer during the May 2022 also, it witnessed some pick-up towards the end of the month in June 2022 owing to the monsoon impact.
As per our channel checks, rural demand continues to be subdued. Urban and semi-urban demands, too, were scattered based on the regions.
On a positive note, the non-trade channel witnessed good demand as various central government projects related to infra and housing continued at a good pace. State governments’ projects, too, are gaining pace gradually.
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