Indian cement companies are recalibrating their growth outlook downwards, grappling with surging input costs and a subdued demand environment, signaling potential pressure on profit margins.
Ambuja Cements [AMBUJACEM] reported stellar Q4 results, witnessing a significant jump in net profit and revenue. However, the stock experienced a notable decline, prompting analysts to review the market's seemingly muted reaction.
Adani Cement, controlling Ambuja Cements [AMBUJACEM] and ACC [ACC], is reportedly pivoting its growth strategy to focus on optimizing existing facilities and increasing utilization, potentially deferring FY28 targets to FY30.
Ambuja Cements [AMBUJACEM] announced a robust 37% year-on-year surge in Q4 net profit, driven by record sales volume and revenue, though it noted persistent cost pressures.
Ambuja Cements [AMBUJACEM] has announced impressive Q4FY24 results, reporting a 78% year-on-year surge in consolidated net profit and a 10% rise in revenue from operations, underscoring a strong performance for the quarter.