JK Cement estimates 50% YoY drop in sales of white cement
01 Sep 2020
JK Cement’s capital and financial resources are expected to remain entirely protected in spite of the adverse impact on its sales due to the COVID-19 lockdown. Lower sales would impact the profitability of the company in the current financial year. The company's Grey Cement sales volumes have picked up gradually. However, there has been a drop of ~20 per cent in the sales volumes during Q1 FY2021 as compared to Q1 FY2020. In the case of its White Cement business, recovery is slow, resulting around a 50 per cent drop in the sales volumes during the Q1 FY2021 as against the same quarter last year.
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