Analysts predict that domestic cement producers in India will see a significant boost in earnings for the September quarter, driven by strong year-on-year volume growth and lower power and fuel costs. The industry s average profitability is expected to surge by at least 50% compared to the previous year, with ACC and Ambuja Cements predicted to have the best improvement. Spending by key states ahead of elections and robust demand for cement are also contributing factors. However, the recent surge in fuel prices may put pressure on profitability.
A standard method of evaluating the effectiveness of retained earnings is to consider it with the market value. The following five companies from the set of 569 companies are the ones that have a market cap greater than Rs.10,000 crore and are covered by a decent number of analysts. Also, these stocks are currently offering a double-digit share price potential
Britannia s consolidated net profit rose 36% year-on-year (YoY) to Rs 458 crore for the quarter ended June 2023, missing estimates. It was Rs 337 crore in the year-ago quarter. An ET Now Poll saw the profit figure around Rs 518 crore. Revenue from operations during the first quarter rose 8% YoY to Rs 4,011 crore. The same stood at 3,701 crore in the last year period.
Consolidated net profit is seen declining 1.4% YoY to Rs 2,033 crore. Indias largest pharmaceutical company by market capitalization is scheduled to release its earnings on Thursday.
Despite phases of high and low volatility, the stocks that were profitable in the previous decade delivered significantly higher returns against market benchmarks across multiple time frames. Such outperformance was visible across market capitalisations.