Ramco Cements Slumps on Weak Q1

  Published 8 months ago

Ramco Cements fell 5.6% after Q1 miss, with volumes down 7% YoY, market share loss, and muted earnings outlook.

  • South India, contributing 80% of sales, saw demand hit by early monsoon rains in Kerala.
  • Ambit Capital flagged a worse volume drop than peers, indicating continued market share erosion.
  • DAM Capital noted cement price gains but sees limited upside in earnings versus estimates.

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