ULTRACEMCO

Delivers Q1 Beat, Brokerages See Further Upside Ahead

shares gained around 1% after the company posted better-than-expected Q1FY27 results, driven by strong volume growth, improved cost efficiencies, and healthy profitability despite rising fuel costs. Following the earnings beat, global brokerages Jefferies and CLSA reiterated their bullish stance, raising target prices that imply over 16% upside from current levels. Analysts believe UltraTech's industry-leading scale, continued capacity expansion, and disciplined cost management position it well to sustain earnings growth in the coming quarters.