$ULTRACEMCO

UltraTech Cement Ltd are expected to remain in focus on Tuesday after the country's largest cement manufacturer reported stronger-than-expected earnings for the first quarter of FY27. The robust performance drew positive commentary from brokerages, which highlighted solid execution, healthy volume growth and improving profitability. The stock ended Monday's session 1.5 percent higher at Rs 11,903 following the earnings announcement. Despite the post-results rally, UltraTech's shares have remained largely unchanged so far this year, outperforming the Nifty 50, which has declined 7.3 percent over the same period. The company currently commands a market capitalisation of approximately Rs 3.51 lakh crore. For the quarter ended June, UltraTech posted a consolidated net profit of Rs 2,604 crore, up 17.2 percent year-on-year, comfortably surpassing the CNBC-TV18 poll estimate of Rs 2,453 crore. Revenue from operations rose 15.8 percent to Rs 24,648 crore, while EBITDA increased 13.7 percent to Rs 5,016 crore. Both figures exceeded Street expectations. Grey cement sales volumes climbed 13.1 percent year-on-year to 39.17 million tonnes, reflecting sustained demand and strong operational execution. Operating EBITDA per tonne improved to Rs 1,214 during the quarter, underscoring gains in profitability. Following the results, CLSA reaffirmed its High Conviction Outperform rating on the stock and maintained a target price of Rs 14,000. The brokerage noted that UltraTech's 13 percent year-on-year volume growth and EBITDA per tonne of Rs 1,183 were both ahead of its expectations, reinforcing confidence in the company's growth trajectory.