Cement Sector Q4 Preview - Higher Volumes To Drive Earnings Growth: Prabhudas Lilladher  
Limestone rock used in the manufacture of cement passes along a conveyor belt (Photographer Kevin Sutherland/Bloomberg)

Cement Sector Q4 Preview - Higher Volumes To Drive Earnings Growth: Prabhudas Lilladher  

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.

Prabhudas Lilladher Report

We expect Ebitda of our coverage universe to grow by 35% YoY, largely led by volume growth.

Volumes are expected to grow sharply by 25% YoY on the back of negative base last year due to imposition of lockdown.

Ebitda/tonne is expected to expand by 9% YoY at Rs 1,120 on back of operating leverage and higher prices.

We reiterate our positive view on the sector in wake of strong demand outlook across the consuming sectors.

Led by sound pricing power and peaked out costs, we believe that sector would be able to maintain margins at elevated levels of FY21.

Click on the attachment to read the full report:

Prabhudas Lilladher Cement Sector Q4FY21 Results Preview.pdf

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