Dalmia’s recent results demonstrate that the company is building on the momentum of prior quarters and cementing the progress of its multi-year journey
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
Cement manufacturer Dalmia Bharat has delivered yet another quarter of robust financial performance. In the second quarter of FY22, steady volume growth, coupled with an uptick in realisations and focus on cost efficiencies, helped the company to offset some of the margin pressures in the quarter gone by. Quarterly result highlights The company has reported a sales growth of 11 percent in Q2 FY22. The overall volumes came in 5 percent higher as solid demand in the southern region was offset…
