Cement demand is likely to grow by 5 per cent in FY25, and few more round of price hike by companies is expected in the coming months says a report by Centrum.Multiple factors like delayed government spending post general election, more than normal monsoon and flooding across multiple locations in the country has impacted the demand adversely. On a year on year basis, the cement demand has contracted by 5-6 per cent, but with recent capacity expansion a growth of 2.7 per cent is expected.Demand across south, north and central region was weak with certain micro markets reporting more than 20% YoY decline in demand. However, our recent channel check suggests that most participants expect a sharp improvement in demand in 2HFY25. We are building in 5% demand growth for the sector for FY25, says the report.