The Ramco Cements Limited | Investor Update |
Consolidating Strengths. Ready for future | Q3 2021-22 |
Contents
01
02
03
04
Overview | 05 |
Market update | 06 |
Sales | 07 |
Key Performance | 08 |
Income Statement & Financial Analysis
Key Financial Ratios
Capex update
Glimpses of 1st Sustainability Report
The Ramco Cements Limited | Investor update Q3FY22 |
Overview
Overview of Economy
- India's GDP growth for FY22 is expected to be in the range of 9% - 9.5%
- During the second quarter, economy grew at the rate of 8.4%
- Looking at the current trend, India is on course to achieve the $400-billion merchandise exports target for the current fiscal year
Positives
- Revival of demand from rural housing, PMAY Scheme, commercial and industrial construction, infrastructure development by private and Government
- 'PM Gati Shakti - National Master Plan (NMP)' launched for multi-modal connectivity to bring synergy for creation of world-class, seamless multimodal transport in India
- Continued growth in middle class and urbanization
- Good monsoon
- Continued thrust by GoI on vaccination against CoVID 19
Watch outs
- Fuel price stability
- 3rd wave of Covid19
- Initiatives to boost consumption in Budget 2022
The Ramco Cements Limited | Investor update Q3FY22 |
Market update for Q3FY22
South | East |
- Individual housing and Infra demand picked up
- Above normal monsoon affected demand in Nov'21
- Price increase to cover cost push could not sustain in Q3
- Cement prices fell sharply during Dec'21
- Volumes have grown by 22% YoY
- Signs for demand recovery is visible
- Share of premium products are growing steadily
- Individual housing witnessed de-growth
- Demand from Infra / Commercial segment have grown
- Cement prices fell sharply during Dec'21
- Price increase to cover cost push could not sustain in Q3
- Volumes have grown in Orissa by 30% YoY
- Orissa GP achieved full utilization in Q3
- WB market was very weak both in price & volume in Q3
Company's strategy of right cement for right applications yielded positive results.
The company continue to focus on this to make its brand more stronger
The Ramco Cements Limited | Investor update Q3FY22 | |
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Ramco Cements Ltd. published this content on 24 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2022 12:13:01 UTC.