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VERIFIEDET Markets·negative
Ambuja Cements Q1 net profit down 37% as sales volume slips
AI Summary
- ·Ambuja Cements' consolidated net profit fell 37% year-on-year in the fiscal first quarter.
- ·The company's performance was impacted by lower sales volume and increased costs, including higher imported fuel prices.
- ·Ambuja Cements plans to prioritize value over sales volume and remains confident of outpacing industry growth.