Cement Sector Q1 Preview - Another Robust Quarter Aided By Price Hikes, Low Base: KRChoksey
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KRChoksey Research Report
We expect the cement companies to report a strong quarter on the back of sharp growth in cement volume on a low base of last year.
Realisation of the cement companies will also witness an uptick as the players have taken a price hike in the last quarter.
In the Central and Northern region average prices have gone up by Rs 5/bag and Rs 6/bag respectively, while Western region has seen an average price hike of Rs 7/bag.
Southern and Eastern region have seen the steepest hike of Rs 40/bag on sequential basis.
Historically realisation has been strong for the cement companies for the first half of the calendar year till monsoon, after which it starts receding due to slower activity on the construction front.
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