Cement Sector Q1 Preview – Another Robust Quarter Aided By Price Hikes, Low Base: 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 Research Report

We expect the cement companies to report a strong quarter on the back of sharp growth in cement volume on a low base of last year.

Realisation of the cement companies will also witness an uptick as the players have taken a price hike in the last quarter.

In the Central and Northern region average prices have gone up by Rs 5/bag and Rs 6/bag respectively, while Western region has seen an average price hike of Rs 7/bag.

Southern and Eastern region have seen the steepest hike of Rs 40/bag on sequential basis.

Historically realisation has been strong for the cement companies for the first half of the calendar year till monsoon, after which it starts receding due to slower activity on the construction front.

Click on the attachment to read the full report:

KRChoksey Cement Sector Q1FY22 Preview.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 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.

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button