Cement industry may post flat 5% growth in FY19: Report

New Delhi, Apr 9: The cement industry is likely to register a flat growth of around 5 percent in the current financial year despite a pick-up in demand in recent months and healthy outlook ahead, a report said today. The profitability margins and debt metrics of the cement companies may also come under pressure in the coming quarters on higher petcoke, coal and diesel prices, rating agency Icra said in its report. “The cement demand has picked up from Q3 FY18 and the trend is expected to continue in Q4 FY18, but the growth of the industry may remain flat at 5 percent in FY19,” it said.