UltraTech Cement’s pricey valuation is at risk due to its poor Q2 earnings
Ultratech’s volume growth disappointed in the September quarter like most peers
Input prices eased but rising other expenses pushed operating cost per tonne higher
Dismal volume growth was a key disappointment in UltraTech Cement Ltd’s September quarter earnings. Given the seasonal weakness, analysts were anticipating only a modest growth of 2-3% in sales volumes. But the company missed these low estimates as well.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started