27-Oct-2026 07:54:09
DALBHARATAcquisition and merger
CLSA on Dalmia Bharat ; O-P, TP cut to Rs 2000
2Q result was sharply below expectation &weaker than peers due to an adverse geographical mix, market share loss, losses in acquired assets and an accentuated cost impact. Near term profitability is likely to improve on cement price hikes, higher fixed cost absorption and the ramp-up of assets, partly offset by higher fuel costs. Over medium term, execution on both asset utilisation and cost savings will be key to watch. While valuations are undemanding, triggers look back-ended.
DALMIA BHARAT LIMITED