Dalmia Bharat’s Market Share Gains Continue In Q3: Motilal Oswal
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Motilal Oswal Report
Dalmia Bharat Ltd.’s Q3 FY21 result highlights continued market share gains as volumes grew 14% YoY despite weak demand in the South India, supporting 51% growth in Ebitda.
We expect market share gains to continue, supported by ~30% capacity expansion over the next one year.
the company has announced a doubling of capacity in three years to 56 million tonne per annum.
We await further clarity on the same (expect it to be brownfield and focused in the South and Northeast).
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