Weak volume and higher cost led earnings miss

11 Mar 2024
5 Min read 
  • India Cements reported weak volume and higher costs, leading to an earnings miss.
  •  Capacity utilization was lower compared to the previous year.
  •  The company is focusing on lowering variable costs and improving net profit realization.
  •  The company's revenue and sales volume declined in the third quarter of FY24.
  •  The valuation of India Cements is considered expensive, and a sell rating is reiterated.
  •  The company has lost market share due to a lack of capacity additions.
  •  Net debt has remained relatively stable, and progress on divestment of non-core assets is being monitored.
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