Cement Earnings Preview: Volume Growth To Take Front Seat In Q3, Says ICICI Direct  
Limestone rock used in the manufacture of cement passes along a conveyor belt (Photographer Kevin Sutherland/Bloomberg)

Cement Earnings Preview: Volume Growth To Take Front Seat In Q3, Says ICICI Direct  

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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.

After witnessing price-led revenue growth during H1 FY21 due to lockdown impact, cement firms are expected to report volume-led revenue growth in Q3 FY21.

Sustained demand from individual housing in semi urban and rural region and healthy pick-up in infra activities from September 2020 onwards would aid growth in volumes in Q3 FY21.

In the current fiscal, at all-India level, cement dispatches are expected to report first-ever growth during the quarter.

Click on the attachment to read the full report:

ICICI Direct Cement Q3FY21E Results Preview.pdf

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