Here are the key findings:
IIFL Capital Services’ top picks in the sector are – UltraTech Cement, ACC, JK Cement, Dalmia Bharat, and JK Lakshmi.
Cement price summary
Average price per 50-kg bag (Rs) | South | East | North | West | Central | All-India |
Q3FY22 | 363 | 274 | 340 | 357 | 315 | 330 |
Q2FY23 | 339 | 306 | 337 | 357 | 321 | 332 |
Q3FY23 (QTD) | 372 | 337 | 335 | 366 | 318 | 346 |
QoQ change (%) | 9.6 | 10.3 | (0.5) | 2.6 | (1.0) | 4.1 |
YoY change (%) | 2.4 | 23.2 | (1.3) | 2.5 | 1.1 | 4.8 |
Source: Industry, IIFL Research
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