Cement Sector Earnings Preview - Strong Demand Momentum To Continue in Q4: ICICI Direct
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 Direct Report
The cement sector is set to report strong double digit volume growth during Q4 FY21 given the low base and sharp recovery in cement demand led by higher government spending and strong rural economy.
Sustained demand from individual housing in semi urban, rural region and a healthy pick-up in infra activities would aid growth in volumes during Q4 FY21.
In terms of regions, demand in the east and north are likely to remain strong with plant utilisation in the east region expected at over 90% whereas plant utilisation in the north is expected to operate at over 85%.
Click on the attachment to read the full report:
This 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.