Economic TimesLean R·
Ambuja Cements Q1 net profit down 37% as sales volume slips
Ambuja Cements reported a profit drop, impacted by lower sales volume and higher costs. The company will now prioritize value over sales volume in its operations. Consolidated net profit decreased by thirty-seven percent year-on-year during the fiscal first quarter. Higher imported fuel prices and trade costs affected industry profitability significantly. Ambuja Cements remains confident of outpacing industry growth for the remainder of the fiscal.
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