ACC 2021 Annual Report Analysis - Richer Demand, New Capacity To Drive Growth: Axis Securities
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Axis Securities Report
ACC Ltd.’s performance during the year was marked by robust growth in cement volumes and higher price realisations. The demand rebound in the sector was mirrored in strong sales growth as well as in a year of successful new product launches and market acceptance of several value-added products.
The Ready-Mix concrete business reported an encouraging performance and the company expects a robust demand to continue with an increase in commercial, industrial, and government spending.
In 2021, ACC’s cement sales increased by 13% to 28.89 million tonnes from 25.53 million tonnes in 2020.
The individual home builders and ground plus three-storey buildings in the retail segment continued to be ACC’s largest customer segment both in terms of volume and profitability.
Through ‘Plants of Tomorrow’, the company is futureproofing itself by adopting the internet of things, artificial intelligence, and machine learning.
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