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  


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


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 brokerage 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.