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Ambuja Cements: Subdued quarter, but all eyes on Holcim’s stake sale

The stock of Ambuja has surged 20 percent in the last one month in anticipation of the stake sale

April 29, 2022 / 11:06 AM IST
Ambuja Cements: Subdued quarter, but all eyes on Holcim’s stake sale

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The March quarter results of Ambuja Cements were on expected lines. Subdued market conditions impacted revenues and margins were under pressure because of inflationary headwinds. Meanwhile, Holcim, the parent company of Ambuja, is in advanced talks to sell its stake in the business. Investors should keep a close watch on Ambuja’s stock as the near-term price movement will be dictated by news flow around the stake sale and the new promoter group. Quarterly result highlights Ambuja Cements reported revenues of Rs...

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