Summary

The last two fiscals have been eventful for India’s cement industry with a string of acquisitions leading to significant consolidation. Then came demonetisation, which cast a shadow on volume growth. Today, India’s healthy economic outlook, and the government’s focus on affordable housing and infrastructure, are major positives.

The webinar provided a good opportunity and discussed the impact of these developments on the sector and players.

At the webinar, CRISIL's experts answered the following questions:

• Is the cement industry out of the woods after demonetisation?
• Will the government’s focus on infrastructure and affordable housing lead to a material upswing for the industry?
• Would debt-funded acquisitions have an adverse impact on the credit profiles of acquirers?
• What is the medium-term outlook for cement demand across India?