To enhance its scale, Heidelberg Cement India is expanding its presence to Gujarat, which will add another 3 MT of capacity over the next 2-3 years
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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
HeidelbergCement India delivered yet another quarter of solid financial performance in the second quarter of FY22. Healthy volume growth coupled with stable realisations and strict cost control measures aided the operational performance of the company in the quarter gone by. Quarterly results The company reported sales growth of 12 percent on the back of a healthy cement off-take in the central region. Volumes were higher by 11 percent, but the realisations were largely unchanged year on year (YoY). The company reported…
