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India Cements expects its sales volume to exceed 9.6 MT in FY17

09 Jun 2016 Evaluate

India Cements expects its sales volume in FY17 to exceed 9.6 million tonne (MT) it clocked in FY16. The company forecasts volume growth to be in the range of 7-8 percent in FY17. The company anticipates that South India is likely to lead the cement demand growth and a good monsoon is likely to trigger the sector’s growth.

The company’s EBITDA/tonne was Rs 900/tonne in FY16 and it expects a stronger EBITDA/tonne in FY17. Presently, 50% of the company’s sales come from Tamil Nadu and Kerala regions. Karnataka contributes 10-12 percent while Maharashtra and Andhra Pradesh bring in 14 percent and 12-13 percent, respectively.

India Cements is the largest producer of cement in South India and one of the largest cement manufacturer in the country.



India Cements Share Price

415.50 4.80 (1.17%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11887.30
Ambuja Cement 458.95
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Dalmia Bharat 1972.55
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