Brokerages lift UltraTech Cement targets after June-quarter beat, top call seen as high as ₹15,209
AI Market Summary
UltraTech Cement's Q1 FY27 results beat consensus on revenue, EBITDA, margin and net profit, driven by double-digit volume growth and improved realizations. Multiple brokerages reiterated 'Buy' ratings and raised target prices, reinforcing confidence in cement demand and pricing stability despite rising input costs. The news is primarily stock- and sector-specific, with limited spillover to broader traditional markets.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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UltraTech Cement, India’s largest cement maker, reported June-quarter revenue of ₹24,648 crore, net profit of ₹2,604 crore and EBITDA of ₹5,016 crore, all above market expectations. Consolidated sales volumes rose 12.2% year on year, while grey cement volumes increased 13.1% to 39.17 million tonnes. Several brokerages reiterated “Buy” ratings and raised target prices, with the highest at ₹15,209. The stock ended 1.5% higher and is up more than 4% so far this year.
