Analysts bearish on cement as costs rise https://ift.tt/1fblTpe said elevated costs and a change in industry dynamics remain key factors to watch. "We expect the full impact of cost inflation to be reflected in earnings in the first half of FY23. We forecast FY23 industry demand growth of 7% year-on-year and profitability to fall 13% year-on-year," said CLSA.
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