Home / Industry / News / Result preview: Cement companies may report firm profit growth for Q2

Result preview: Cement companies may report firm profit growth for Q2

Stable prices and costs, low base to help earnings, say brokerages

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Illustration: Ajay Mohanty

Amritha Pillay Mumbai

3 min read Last Updated : Oct 09 2023 | 9:54 PM IST

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With another quarter of steady growth in demand, cement companies are expected to report strong year-on-year (Y-o-Y) growth in earnings, according to analysts. The September quarter (Q2FY24) also witnessed a resumption of price hikes in certain markets.

UltraTech Cement, India’s largest cement producer, reported a 15 per cent Y-o-Y increase in cement sales in the country for the quarter under review. Analysts believe that major players like UltraTech may have expanded their market share in the past quarter.

“We expect cement industry demand growth at 12-14 per cent Y-o-Y in Q2FY24. We estimate 15 per cent Y-o-Y volume growth for

Topics : UltraTech Cement cement companies cement industry Cement

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