Cement Q1 Preview – Cost Headwinds To Impact Margins; Lower Base To Support Volume Growth: Axis Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

In April 2022, retail cement demand witnessed an uptick. However, it started to show signs of weakness towards the end of the month on account of labour availability issues in some parts of the country, higher cement prices, and strikes by aggregates suppliers in Gujarat and Telangana.

Furthermore, while demand in the trade channel continued to be softer during the May 2022 also, it witnessed some pick-up towards the end of the month in June 2022 owing to the monsoon impact.

As per our channel checks, rural demand continues to be subdued. Urban and semi-urban demands, too, were scattered based on the regions.

On a positive note, the non-trade channel witnessed good demand as various central government projects related to infra and housing continued at a good pace. State governments’ projects, too, are gaining pace gradually.

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button