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Sector Trend - Outlook
22-Jan-13
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Sector
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Glass & Glassware: Margins likely to improve on drop in soda ash prices
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Indian Glass industry as a whole has been impacted by the sharp rise in the cost of key raw materials accentuated by unprecedented depreciation of Indian rupees against the US dollars, a double blow on the cost front. Apart from the rise in the cost of raw materials, a sharp rise in the cost of power and energy has also impacted the industry. Even though the short term growth looks pale, the long term growth of the industry is intact backed by the expected revival in auto sector, real estate sector and in the retail sector due to the allowing of 51% FDI. Growth in Float Glass segment is expected to pick up once the interest rates start softening leading to increasing demand for real estate. Finally, players who have taken initiatives to control the costs will benefit with relatively better margins.
Glass consumption growth is expected to increase in all the major sectors such as consumer goods, pharmaceuticals, automotive and construction driven by up tick in demand. The lower per capita consumption of 1.5 kg in India as compared to the other countries and the strong economic drivers for end user segments (liquor, beer, pharma, food, cosmetics etc) will boost the demand for the industry.
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Previous News |
Jai Mata Glass adjourns board meeting
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Corporate News
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31-Mar-10
17:16
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Glass & Glass Products
(
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Sector
29-Feb-24
10:36
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Glass & Glass Products: Capacity additions and price hikes to boost growth
(
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Sector
27-Aug-12
19:26
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Glass & Glass Products
(
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Sector
19-May-23
10:23
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Gujarat Borosil commences its operation at its new plant in Gujarat
(
Corporate News
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17-Mar-10
17:06
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Saint Gobain Sekurit India's director resigns
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Corporate News
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03-Feb-09
15:18
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Piramal Glass to announce financial results
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Corporate News
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13-Jan-09
14:11
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Haldyn Glass Gujarat recommends dividend
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Corporate News
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26-Jun-09
10:15
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Sejal Architectural Glass allots equity shares
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Corporate News
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30-Jan-10
14:51
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IAG Company's MD resigns
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Corporate News
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02-Mar-10
10:53
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IAG Company recommences production of furnace
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Corporate News
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13-Oct-09
10:19
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Other Stories |
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