World’s top cement maker Holcim group outside China continues to lose market share to its rivals in the Indian Cement market. The combined revenue market shares of ACC and Ambuja Cement the two Holcim group companies in India declined to a low of 17.1 cent in FY21. This is down from 18.8 per cent a year ago and a high of nearly 25 per cent in FY08.
As a result the Holcim group is now a distant second in the domestic cement market in terms of revenues behind Aditya Birla’s Ultratech Cement.
ACC and Ambuja Cements reported combined net sales of Rs 25,158 crore in the financial year ended December 2020 against industry’s combined net sales of around Rs 1.47 trillion during the financial year ending March this year. For comparison, Ultra tech reported net sales of Rs 44,726 crore in FY21.