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Shares of Shree Cement Ltd. gained over 1% on Tuesday, September 23, following Citi's 'Buy' rating on the stock. The brokerage has a price target of ₹35,500 for Shree Cement.
Takeaways from the company's management meeting indicate that FY26 volumes are expected to reach 37-38 million tonnes, implying a year-on-year growth of 3-6%.
First-half volumes are likely to be around 17 million tonnes, largely flat on a year-on-year basis, suggesting second-quarter volumes of approximately 8 million tonnes, a 6% increase compared to the same period last year.
Regionally, the management expects the eastern markets, particularly Bihar due to elections, to grow faster than northern and southern markets.
On pricing, the company said that Goods and Services Tax (GST) benefits will be passed on, and cement price hikes implemented between January and April 2025 have largely been sustained so far.
Takeaways from the company's management meeting indicate that FY26 volumes are expected to reach 37-38 million tonnes, implying a year-on-year growth of 3-6%.
First-half volumes are likely to be around 17 million tonnes, largely flat on a year-on-year basis, suggesting second-quarter volumes of approximately 8 million tonnes, a 6% increase compared to the same period last year.
Regionally, the management expects the eastern markets, particularly Bihar due to elections, to grow faster than northern and southern markets.
On pricing, the company said that Goods and Services Tax (GST) benefits will be passed on, and cement price hikes implemented between January and April 2025 have largely been sustained so far.
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