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...
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HSIE Results Daily: Ambuja Cement, ACC
During Q5FY23 (financial year moved to Mar vs Dec), it reported only 5% QoQ standalone volume growth (capacity constraints)
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Ambuja Cements Limited - Synergies Paying Off; New Capacity to Drive Growth
ACL reported volume/Revenue growth of 8%/8% YoY (above expectations) while EBITDA and EBITDA margin stood below our expectations.
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