No buyback on the cards, but Shree Cement may raise dividend slightly, says HM Bangur
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#IndiaIncBeyondWork | Being the top boss of a #cement company is certainly not easy But, HM Bangur of #ShreeCement and Anil Singhvi, former MD of #AmbujaCement know how to de-stress to stay on top of their game. Watch! Ambuja Cement Limited #tabla #MBA #CATExams #painting | ET NOW
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HM Bangur, Chairman, Shree Cement, hints at an upcoming cement price hike in the second quarter of 2024-25, citing cost pressures. He notes that cement prices remained relatively stable from FY22 to FY23 but anticipates an increase in quarters 2 and 3. Shree Cement intends to implement price adjustments from the second to the fourth quarter. Additionally, Bangur attributes low demand in the first quarter to factors like high temperatures and ongoing elections. Watch: https://youtu.be/RpJqWuugAUg
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