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HeidelbergCement India: Growth levers in place

HeidelbergCement India: Growth levers in place
September 24
11:24 2021

To enhance its scale, the company is expanding its presence in Gujarat, which will add 3 MT capacity over the next 2-3 years.

HeidelbergCement India: Growth levers in place

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

HeidelbergCement India’s performance in recent quarters has been quite impressive, despite COVID disruptions. Improvement in the overall economic activity, including a pick-up in infrastructure activity and solid rebound in the housing market, have been driving the cement offtake for the company. Quarterly result highlights The second wave of COVID-19 had little impact on HeidelbergCement’s operations, and Q1FY22 revenues came in marginally lower on a sequential basis. Cement offtake for the quarter stood at 1.18 million tonnes (MT), up 38 percent YoY. Operating profits…

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