Building Material Q3 Preview - Revenue Momentum To Remain Strong; Margins Under Pressure: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We expect building material companies in our coverage universe to continue reporting strong revenue growth YoY during the quarter ended December 2021 (Q3 FY22) aided by higher volume growth and increased realisations.We estimate the covered tile companies (Kajaria Ceramics Ltd., Somany Ceramics Ltd.) to witness volume growth of ~15%. In plywood segment, we estimate ~10% YoY volume growth for Greenply Industries Ltd. in India and 13% for Century Plyboard India Ltd. Among the pipe companies, we expect 20% YoY volume increase for Astral Ltd., 10% for Supreme Industries Ltd. and 5% for Finolex Industries Ltd. We forecast operating margins to decline YoY across the board (except for medium density fibre segment) due to high base and increased raw material prices, which are passed on with a lag..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Building Material Q3 Preview - Revenue Momentum To Remain Strong; Margins Under Pressure: ICICI Securities

Building Material Q3 Preview - Revenue Momentum To Remain Strong; Margins Under Pressure: ICICI Securities

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