Building Materials: Mixed signals across different segments
Tiles exports continue to be strong since Nov 2023 at ~INR 14-15bn monthly run-rate. Laminates export volume was weak (-13% YoY/ flat MoM)
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HSIE Results Daily: Maruti Suzuki, SBI Cards and Payment Services
Maruti Suzuki: Maruti’s Q3 PAT, at INR 23.5bn, came in above our estimate of INR 18bn, led by better-than-expected ASP and higher other income
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Building Materials: Multiple tailwinds for a cheerful new year!
This report covers 15 major building material companies within the three categories of wood panel, tiles, and plastic pipes
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HSIE Results Daily: Larsen & Toubro, Tata Power, Supreme Industries
Larsen & Toubro: Larsen & Toubro (LT) reported strong performance in Q2FY23, with revenue/EBITDA/PAT beating our estimates by 7/11/21% respectively
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Building Materials (Q2FY23 Results Preview): Both tiles and pipes under pressure
In Q2FY23, we expect tiles volume to increase QoQ on good demand while we expect pipes demand to remain weak, owing to sharp fall in resin prices,...
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