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.