Preview: India's UltraTech Cement rises ahead of quarterly results

India Cements

27/04/2026 08:36

** Shares of India's UltraTech Cement ULTC.NS rise as much as 1.93% ahead of March-quarter results, last up 0.80% at 12,094 rupees

** Analysts on average expect India's largest cement maker by capacity to post a 10.2% year-on-year increase in consol revenue from operations to 254.12 billion rupees ($2.70 billion) - LSEG data

** Analysts on average expect a 13.2% jump in consol profit to 28.10 billion rupees - LSEG data

** Morgan Stanley (TP: 15,000 rupees) reiterates "overweight" rating after unit India Cements' ICMN.NS Q4 results, saying operating profitability improved strongly in March quarter

** Nomura ("buy") expects UltraTech's profitability per metric ton to improve sequentially as price gains and volume growth offset higher raw material and fuel costs

** ULTC rated "buy" on average by 39 analysts, median PT at 14,104.50 rupees - LSEG data

** YTD, stock up 1.82%

($1 = 94.2038 Indian rupees)

 (Reporting by Surbhi Misra in Bengaluru)

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