Strong GDP To Propel Cement Consumption; Prabhudas Lilladher Initiates Coverage On Cement Sector

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..Prabhudas Lilladher Report.India’s cement sector plays a pivotal role in building nation's rising infrastructure and supporting its evolving housing sector. Indian cement consumption is expected to show strong 7.5% compound annual growth rate over FY23-26E to ~485 mt led by-Government of India’s strong focus on building infrastructure, increasing urbanisation plus strong urban real estate industry volumes with rising affordability and changing consumer trends, GoI’s efforts on improving rural incomes andincreasing private capex across industries. Envisaging strong demand, Indian cement companies are also expected to add ~130 mt capacities over next three years. Entry of Adani group has ignited competition as existing promoters have announced capacity expansion plans to match growth rate and maintain respective market shares. Although upcoming elections and incremental capacities are expected to put pressure on cement pricing in the near term, we believe GoI’s continuation of investment focused approach, if re-elected and softer fuel prices will drive strong earnings growth over FY23-26E. Companies having significant capacities across regions would be ultimate beneficiaries of upcoming demand..Click on the attachment to read the full report:.JK Lakshmi Cement - Accelerating The Market Footprint: Motilal Oswal.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.

Strong GDP To Propel Cement Consumption; Prabhudas Lilladher Initiates Coverage On Cement Sector

Initiate coverage on on ACC, Shree Cement and UltraTech Cement with a Buy rating

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