Business Standard

Result preview: Analysts note 'unusual' quarter for cement sector

Expect healthy year-on-year growth in margins in Q4, but sequential decline

cement industry
Premium

Starting April, cement companies announced price increases for different markets

Amritha Pillay Mumbai

Listen to This Article

The quarter January-March 2024, analysts note, was an unusual one for the cement sector.

While price rise is the norm, cement prices, on average, declined despite growth in volumes. Margins for the quarter, analysts said, may see a healthy year-on-year rise but decline sequentially. ICICI Securities, Motilal Oswal, Nuvama, and Antique expect earnings before interest, tax, depreciation and amortisation (Ebitda) for their universe to grow in the range 19-28 per cent from a year ago.

Volumes, similarly, are expected to rise in the range 8-10 per cent. Analysts with ICICI Securities in their note said they estimate industry volumes in Q4FY24 to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in