In the post-earnings’ conference call, the management emphasised on the necessity to increase cement prices to deal with high fuel prices. Without that, there will be pressure on operating profit margins.
ET Intelligence Group: For the UltraTech stock to fire, cement prices must rise. It might sound awfully simple to achieve, but isn’t so in an environment where the biggest cost bucket as a share of sales will likely continue to pinch through the greater part of 2023. And that explains the sudden decline in the stock on Monday, when it fell the most on the Nifty.Restraining fuel costs seems a major challenge, while there is no concrete road map
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Comment & Engage with ET Prime community
Exclusive invites to Virtual Events with Industry Leaders
A trusted team of Journalists & Analysts who can best filter signal from noise