Cement Q4 Results Preview - Healthy Demand; Pricing Muted: Axis 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..Axis Securities Report.Overall, cement demand remains positive as we conclude FY24, driven by pre-election spending, ongoing government emphasis on infrastructure development, and sustained real estate activity. Moreover, the higher budgetary allocation to infrastructure and construction in the interim budget 2024-25 is expected to sustain demand momentum into FY25. For companies under our coverage, we anticipate volume, revenue, Ebitda, and profit after tax growth of 9%, 8%, 24%, and 20% respectively YoY, propelled by robust demand and alleviation of cost pressures, particularly in power and fuel expenses. We estimate the overall cement industry demand to grow between 9%-10% in FY24. .From a medium to long-term perspective, our preferred picks in the sector are:Large Cap – UltraTech Cement; Ambuja CementMid Cap – JK Cement; JK Lakshmi; Birla CorporationSmall Cap – Star Cement.Click on the attachment to read the full report: .IT Q4 Results Preview - A Forgettable Quarter; Expect Slow Recovery In FY25: ICICI Securities.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 Q4 Results Preview - Healthy Demand; Pricing Muted: Axis Securities

The overall demand for cement in Q4 FY24 concluded on a higher note on a YoY basis, with an estimated growth of 9% for our coverage universe.

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Cement Q4 Results Preview - Healthy Demand; Pricing Muted: Axis Securities

The overall demand for cement in Q4 FY24 concluded on a higher note on a YoY basis, with an estimated growth of 9% for our coverage universe.

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