Net Sales are expected to increase by 18.1 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 340 crore, according to Sharekhan.
Net Sales are expected to increase by 10.5 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 336.2 crore, according to ICICI Direct.
Net Sales are expected to increase by 4.8 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs. 306 crore, according to ICICI Direct.
Reliance Securities has maintained its positive stance on UltraTech Cement and Shree Cement in the largecap space
We feel the competitive pressure will continue to remain high in the northern and western regions. However, the companies with strong presence in east, central and south (specifically Andhra and Telangana) region will benefit from an improved demand environment in these geographies.
Mangalam Cement reported good Q1 FY17 numbers. Yaswant Mishra, President - Corp & CFO of Mangalam Cement expects the demand to improve post monsoon season.