Ramco Cements stock under pressure after June quarter volumes disappoint
While Ramco Cements has managed to sail through the June quarter, analysts are wary about demand outlook for the south, which is a key market for the company
Ramco Cements Ltd reported a higher-than-anticipated fall in sales volumes in the June quarter. On a year-on-year (y-o-y) basis, volumes fell around 11% due to the prolonged lockdowns in its key markets of Tamil Nadu, Kerala and Karnataka. On a sequential basis, the impact on volumes was more pronounced with a 33% decline.
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