Cement cos likely to focus on volumes in FY24

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Large cement manufacturers such as Ultratech Cement, Ambuja Cements, Dalmia Bharat and Shree Cement are likely to record higher revenue growth given timely expansion, strong balance sheet and stable cashflow from operations. Their earnings per share (EPS) is expected to increase by 25-58% while revenue may grow by 15-25% year-on-year for FY24.

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