The domestic cement industry in India is expected to experience a volume growth of 7-8% in FY24 due to increased demand from the housing and infrastructure sectors, according to a report by ICRA. The industry is also likely to see a rise in operating profits thanks to lower input costs. Additionally, capacity additions are estimated at 63-69 million metric tonnes between FY24 and FY25, with a 6% increase expected in FY24, the largest in the past five years.
