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Star Cement Maintains Strong Growth Outlook Despite Margin Pressure, Says Axis Securities Maintaining 'Buy'

Axis Securities maintain Buy rating on Star Cement and sees upside potential of 27% from the current market price.

<div class="paragraphs"><p>During the year, Star Cement delivered a robust 9% YoY growth in sales to Rs 3,163 crore, supported by an 8% increase in volumes. (Source: freepik)</p></div>
During the year, Star Cement delivered a robust 9% YoY growth in sales to Rs 3,163 crore, supported by an 8% increase in volumes. (Source: freepik)
During the year under review, Star Cement's sales of premium cement grew by 85% YoY, reaching 11% of total trade sales driven by aggressive marketing and promotional efforts. Additionally the company launched a new cement brand, Dhalai Master, in the premium category, further strengthening its product portfolio.
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