Archive · 21 Jul 2026
Brokerages Maintain Bullish View on UltraTech, JK Cement
UltraTech Cement and JK Cement have both shown strong performance in their Q1 earnings for FY27.
Brokerages like Motilal Oswal, JM Financial, Nuvama Institutional Equities, and Elara Capital have maintained their positive outlooks on these companies.
UltraTech Cement's revenue and EBITDA increased significantly, while JK Cement's EBITDA was above estimates due to higher volumes and white cement realizations.
Despite some challenges in cement prices and fuel costs, the overall outlook remains bullish with revised target prices.
UltraTech Cement's Q1 FY27 revenue increased by 16% YoY to Rs 24,600 crore.
UltraTech Cement's EBITDA grew by 14% YoY to Rs 5,000 crore.
JK Cement's Q1 FY27 revenue grew by 20% YoY to Rs 4,030 crore.
JK Cement's EBITDA was above estimates, driven by higher volumes and white cement realizations.
Brokerages have maintained bullish views with revised target prices for both companies.
- Who
- UltraTech Cement Ltd and JK Cement Ltd
- What
- Brokerages reaffirm bullish view after Q1 earnings
- When
- Q1 FY27
- Where
- India
- Why
- Strong Q1 performance and positive outlooks
Bullish View
Neutral View
Earnings Performance
Bullish View
Brokerages highlight strong Q1 earnings and positive outlooks for both UltraTech and JK Cement.
Neutral View
Some brokerages note challenges in cement prices and fuel costs that could impact future performance.
- UltraTech Cement Revenue
- Rs 24,600 crore
- UltraTech Cement EBITDA
- Rs 5,000 crore
- UltraTech Cement EBITDA/t
- Rs 1,214
- UltraTech Cement OPM
- 20%
- UltraTech Cement Adjusted PAT
- Rs 2,610 crore
- JK Cement Revenue
- Rs 4,030 crore
- JK Cement EBITDA
- Rs 650 crore
- JK Cement EBITDA/t
- Rs 979
- JK Cement OPM
- 16%
- JK Cement PAT
- Rs 280 crore
