June quarter expected to be a mixed bag for cement majors
The volume-wise performance of the top three domestic cement players, namely ACC, Ambuja Cements and UltraTech Cement year-on-year(y-o-y) for the April-June quarter is expected to be a mixed bag, says ICICI Securities.
July 08, 2011 / 10:31 IST
Moneycontrol Bureau The volume-wise performance of the top three domestic cement players, namely ACC, Ambuja Cements and UltraTech Cement year-on-year(y-o-y) for the April-June quarter is expected to be a mixed bag, says ICICI Securities. While ACC Cement will project a 12% growth, UltraTech and Ambuja Cement are expected to witness 2-3% volume decline. However, volumes are likely to pick up after monsoon and festive season, says the firm. Overall, cement majors are expected to witness flat growth of 2% for the quarter owing to lack of government spends on infrastructure, especially in south India. All-India average realisation is expected to be higher by 7.5% y-o-y basis.
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