CLSA rates Ultratech Cement ‘High Conviction Outperform’ with Rs 14,000 target after 1QFY27 beat
AI Market Summary
CLSA upgraded Ultratech Cement to "High Conviction Outperform" with a Rs14,000 target after a strong 1QFY27: volumes +13% YoY and EBITDA/ton at Rs1,183 beat expectations. Management's cost guidance for 2Q inflation (Rs130–Rs140/ton) is materially below typical seasonal pressures, implying near-term margin support. The note is a clear earnings catalyst, though its direct impact is largely single-stock.
Impact level
● Low
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AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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CLSA has initiated coverage on Ultratech Cement with a “High Conviction Outperform” rating and a target price of Rs 14,000. The company reported 1QFY27 volume growth of 13% YoY and EBITDA per tonne of Rs1,183, both ahead of expectations. The note said the cost outlook also surprised positively, with guidance well below typical seasonal inflation, and described the report as a clear near-term earnings catalyst for the stock.
