Lower realisations and earnings before interest, tax, depreciation, and amortisation per tonne on a year-on-year basis, and relative sluggish growth in demand post the monsoon appear set to weaken the Oct-Dec earnings of cement makers. Add to that a largely failed attempt by cement makers to raise the selling prices of their products in Oct-Dec. The fortunes of Ambuja Cements Ltd are expected to be no different.
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