Cement (Q2FY24 Results Preview): Robust demand for sixth consecutive quarter
Demand momentum remains robust: We estimate our coverage universe of 15 companies will deliver strong 12% YoY volume growth (four-year CAGR: 9%) in...
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Cement - Q2FY24 Earnings Preview
Following robust volume growth in Q1FY24, cement demand momentum continued in Q2FY24, although Q2 is typically impacted by seasonal fluctuations...
390 Views
HSIE Results Daily: Titan, Ambuja Cement, Cholamandalam Investment and Finance Company
Ex-bullion sales grew 22% YoY to INR97.5bn (in-line) as both buyers’ growth (+14% YoY) and ticket sizes (+6% YoY) aided growth
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Cement: Demand stays strong; fuel costs cool off further
We expect industry volume to grow by ~9% YoY in FY24. We expect fuel prices to further correct by at least ~INR 100 per MT QoQ each in Q2/Q3FY24
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Cement - Q1FY24 Earnings Preview
TOP RESULT PICK: UltraTech Cement, Ambuja Cement, Dalmia Bharat, Birla Corporation, JK Lakshmi, Star Cement. After witnessing good volume growth in...
642 Views