Prices soft in key markets; but volume growth should be better

Company
02 Apr 2024
5 Min read 
  • Dalmia Bharat's key markets (South and East regions) experienced a higher price correction in 4QFY24.
  •  Despite lower prices, the company is expected to report double-digit volume growth in 4QFY24.
  •  EBITDA estimates have been reduced due to weak pricing, but offset by higher volume growth and cost reduction initiatives.
  •  The acquisition of Jaiprakash Associates' cement assets is delayed, but organic expansion plans are on track.
  •  Cement prices in Dalmia Bharat's key markets are expected to stabilize or improve.
  •  The stock has corrected 15% in the last three months, but offers an upside potential of 25%.
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