New Delhi, March 3 -- The narrative for cement companies is shifting from pricing to cost trends.

Cement prices have yet to significantly improve, and realizations have remained lacklustre. Meanwhile, rising costs are adding pressure, raising concerns about profitability and future earnings.

The market absorbed price increases undertaken by cement manufacturers towards the end of the December quarter (Q3FY25). So far in Q4FY25, all-India average cement prices have risen by Rs.10 per bag, or 3%, sequentially to Rs.326, according to an IIFL Securities dealer channel check. This could offer some respite to Q4 earnings, particularly for pan-India cement players.

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