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Q1 Results Preview: Higher Prices To Cushion Cement Sector’s Earnings In Slack Quarter
While volumes fell, higher pricing in a seasonally weak quarter, is likely to improve realisation, according to brokerages.
12 Jul 2021, 11:03 AM IST
While local restrictions to contain a deadlier second wave of Covid-19 caused the demand for cement to shrink, commodity inflation-driven higher prices are likely to aid earnings in a seasonally weak quarter.Cement volumes are estimated to decline by about 20% in the three months ended June compared with a normalised sequential decline of about 10%, ICICI Securities wrote in its first-quarter preview.And demand may shrink even more g...
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