Cement Sector Q4 Earnings Preview- Strong Volumes To Boost Earnings: KRChoksey
Workers load sacks of cement onto trucks in Patna, India. (Photographer: Anindito Mukherjee/Bloomberg)

Cement Sector Q4 Earnings Preview- Strong Volumes To Boost Earnings: KRChoksey

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.

KRChoksey Report

With strong revival in real estate and construction activities during the January-March 2021 quarter, cement demand has seen sustained recovery during the period.

As a result, cement players have seen strong rebound in their volumes as well as higher realisation due to price hikes taken by the companies.

There has been strong demand environment in the Northern, Central, Western and Eastern regions, though demand remained weak in the Southern region.

A lower base, due to country-wide lockdown in March 2020, has also helped the industry to clock higher volume.

For our coverage universe stocks, we expect YoY volume growth of 25%/15.9%/15% and 5.7% for Ultratech Cement Ltd., Shree Cement Ltd., ACC Ltd. and The Ramco Cements Ltd. respectively.

Click on the attachment to read the full report:

KRChoksey Cement Sector Q4FY21 Preview.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.