Q3 results preview: Cement sector profits seen weak despite strong sales

While improving demand has bolstered sales growth of firms, input costs have declined marginally: Experts

Acceleration in demand, together with marginal price hikes of about 2-3 per cent by cement companies in the October-December quarter (third quarter, or Q3) of 2022-23, may not be enough to cushion the impact of high input costs on the bottom line, reveal Bloomberg consensus estimates for the quarter.

Year-on-year (YoY) net sales growth in Q3 will come in at nearly 7 per cent, shows Bloomberg data, while bottom-line growth will show a sharp decline of 25 per cent from a year ago.

The earnings before interest, tax, depreciation, and amortisation (Ebitda) will likely decline by nearly 5 per cent