Cement Q3 Results Preview - Is The Worst Over For The Industry? Read Nirmal Bang's Analysis

We maintain a positive outlook regarding the cement sector, which is driven by a recovery in government capital expenditure and ongoing strength in the real estate and housing markets. Ambuja Cement remains our preferred choice among large-cap stocks, with Ramco Cements, JK Lakshmi, and Birla Corp closely behind..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..Nirmal Bang Report.In Q3 FY25, there was a notable rise in demand within the industry, starting in the final week of November and persisting through to the end of December. We project an average volume increase of 6.6% YoY and 8% QoQ for the companies within our coverage. Regionally, projections indicate that the North will experience low double-digit growth of approximately 10% YoY, while the West is expected to follow with around 8% YoY growth. The centre is expected to grow about 6% YoY, the East around 5%, and the South is forecasted to decline by 1%. Ambuja Cement and Nuvoco Cement are expected to achieve double-digit growth, whereas the remaining companies will likely experience mid to high single-digit volume growth YoY. In contrast, Lakshmi and Heidelberg are expected to report declines in volume on a YoY basis. Our channel checks indicate that demand conditions have strengthened and are likely to remain robust, as Q4 is typically a strong period for cement consumption. Our demand projections have been revised to 6-7% from the previous estimate of 7.5-8% YoY for FY25, reflecting a weak growth rate of approximately 4% observed over the last three quarters..Click on the attachment to read the full report:.Cement Q3 Results Preview - Axis Securities Projects Positive Outlook; Ambuja, JK Cement Among Top Stock Picks.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 Q3 Results Preview - Is The Worst Over For The Industry? Read Nirmal Bang's Analysis

Ambuja Cement remains Nirmal Bang's preferred choice among large-cap stocks, with Ramco Cements, JK Lakshmi, and Birla Corp closely behind.

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