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UltraTech, Adani group, Shree, Dalmia, Nuvoco: ICRA sees top 5 firms' market share rising to 55% by March'2025
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ICRA Limited , believes that the market shares of the top 5 cement companies should climb to 55% by March 2025.The market share of the top five cement companies—Ultratech Cement, Adani Group companies ( Ambuja Cement and ACC , Shree Cement, Dalmia Cement, and Nuvoco Vistas has increased significantly, from 45% in 2015 to 54% in December 2023.Also Read- FPI ease selling streak in June as outflows decline to ₹3,064 crore in Indian equities; When will inflows resume?ICRA expects this trend to continue, with both organic growth and inorganic expansion driving industry consolidation. In the last nine years, there have been 15 mergers and acquisitions, highlighted ICRA Research.
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