Ultratech Cement reported a 17% YoY decline in its net profit in the December quarter. Volume is was recorded at 10% YoY.

Citi remains optimistic about UltraTech Cement's growth trajectory following its Q3 FY25 results, projecting a 12 per cent volume CAGR for FY25-27. With an upgraded target price of ₹13,100, the brokerage cites EBITDA/ton improvements and robust profitability as key drivers.

Despite the decline in profit, the quarter 3 results exceeded Street expectations, with net profit surpassing the estimated Rs 1,195 crore. Revenue also beat forecasts, which had predicted Rs 16,854 crore.

Motilal Oswal is bullish on UltraTech Cement has recommended buy rating on the stock with a target price of Rs 13800 in its research report dated January 23, 2025.

Shares of UltraTech Cement Ltd. fell on Friday despite the third quarter numbers being slightly ahead of expectations. However, while most analysts remain positive, CLSA remains cautious on the stock’s valuation, suggesting a balanced risk-reward profile at current levels.

UltraTech, India's top cement maker by capacity, signalled better core profit in upcoming quarters as the market absorbed price hikes and demand picked up, after it reported an earnings beat on Thursday on strong volumes.

UltraTech Cement reported a 16.5% year-on-year decline in Q3FY25 profit, with a standalone profit after tax of ₹1,434 crore, compared to ₹1,718 crore in the same quarter last year.