Cement Sector Earnings Preview - Strong Demand Momentum To Continue in Q4: ICICI Direct
A shovel sits in a tub of freshly mixed cement at a residential construction site. (Photographer Angel Navarrete/Bloomberg)

Cement Sector Earnings Preview - Strong Demand Momentum To Continue in Q4: 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.

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:

ICICI Direct Cement Sector Q4FY21 Result Preview.pdf

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