We retain our Buy rating on Deccan Cements (DCL) with a revised TP of Rs670. DCL reported weak earnings growth in Q2Y18 (EBITDA/PAT down 23%/30% YoY) led by high cost inflation and flattish volume offtake. We continue to like DCL owing to 1) the improving demand outlook in the south, 2) DCL's higher than peers profitability metrics, due to its...