Cement Q3 Earnings Preview: Robust Performance On Improved Volume, Says Reliance Securities
A worker carries a sack of cement under a conveyor in a warehouse  in Ferozabad, Uttar Pradesh, India. (Photographer: Udit Kulshrestha/Bloomberg)

Cement Q3 Earnings Preview: Robust Performance On Improved Volume, Says Reliance 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.

Reliance Securities Report

The cement industry is expected to continue its robust performance in Q3 FY21 as well, mainly led by a rebound in volume notwithstanding cost pressure and sequential decline in average realization.

A healthy recovery in demand scenario post-monsoon led by a pick-up in construction activities across regions augurs well for the cement companies.

Higher sales volume and improving utilization are also likely to negate the adverse impact of higher fuel and input prices.

Average sales volume of the cement companies under our coverage universe is expected to increase by approximately 7% YoY and 15% QoQ mainly led by a sharp recovery in Eastern, Northern and Central markets.

Click on the attachment to read the full report:

Reliance Securities Cement and Building Material Q3FY21 Earnings Preview.pdf

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