ICICI Direct: ACC’s Sales Volume Back To Pre-Covid-19 Levels  
A builder carries a bowl of cement during construction. (Photographer: Prashanth Vishwanathan/Bloomberg)

ICICI Direct: ACC’s Sales Volume Back To Pre-Covid-19 Levels  

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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. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

ACC Ltd. reported improved Q3 CY20 results with sales volume bouncing back to pre-Covid-19 levels during the quarter supported by healthy realisations.

Revenues increased 0.3% YoY to Rs 3,537.3 crore (versus our estimate: Rs 3,311 crore) led by sales volume growth of 0.8% YoY to 6.49 metric tonne.

Strong rural demand along with revival of infrastructure projects supported sales volume growth.

Ready-mix concrete volumes, however, fell 43% YoY to 0.46 million due to localised lockdowns in the urban market.

Sales realisations stayed healthy despite monsoons during the quarter.

Click on the attachment to read the full report:

ICICI Direct ACC Q3CY20 Result Update.pdf

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