Higher cost led earnings miss; consol. volume up 3% YoY

Company
11 Mar 2024
5 Min read 
  • Ambuja Cements reported higher costs leading to an earnings miss.
  •  Consolidated sales volume increased by 3% YoY.
  •  The company is undergoing capacity expansion up to 32mtpa.
  •  FY24 EPS estimates have been cut by 5% due to the earnings miss.
  •  The company is maintaining a neutral rating on the stock.
  •  The management expects further cost reduction initiatives and expansion plans.
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