Cement Q1 Results Preview - Ignorance Is Bliss: ICICI Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Street’s ignorance to sustained weakness in cement prices has proven to be bliss for cement stocks (at least so far in FY25). Even as several attempts to hike prices during Q1 FY25 remained inefficacious (highlighting stiff competition), many a cement stocks scaled new peaks, basking in the unfounded glory of rising consolidation. Meanwhile, tracking the 2–3% QoQ drop in prices amidst meek demand (flat YoY; general elections' impact), Q1 FY25 is turning out to be a tough pill to swallow – Ebitda for our coverage is likely to stay flat YoY. Traditionally, the monsoon quarter leaves little wiggle room to raise prices; Q2 FY25 shall hardly be an exception. Our expectation of continued price volatility casts a cloud over FY25E earnings forecast. While there may be a ‘long road’ to witness the virtues of consolidation (myth-like so far), we prefer playing the same through Ambuja and ACC (our top picks). We remain neutral on the sector..Click on the attachment to read the full report:.Consumer Durables Q1 Results Preview - Healthy Demand, Driven By Season: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cement Q1 Results Preview - Ignorance Is Bliss: ICICI Securities

Volumes in soft lane; general elections shoulder blame

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