CLSA retains Outperform on Dalmia Bharat with a target of ₹2,240 post mixed Q4.
Q4 EBITDA grew 14% YoY on lower costs; weak volumes at 4% amidst cost pressures.
Livesquawk •
Citigroup maintains Buy on Dalmia Bharat, cutting target price to ₹2,450 from ₹2,660.
Q4 shows resilient costs, muted volumes; cost reductions expected to boost medium-term returns.