We expect the cement companies in our coverage universe to report a listless performance for the September 2018 quarter, with average EBITDA margin at 15.1% versus ~19.3% in the quarter ended September 2017.
All-India retail cement prices were flat MoM at Rs312/bag in September 2018 (Rs312/bag in August 2018). However, the prices were up 2% YoY. Prices were flat MoM in all regions in September 2018, except in eastern region where it fell by ~3%.
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.