Mumbai, March 25 -- The firm raised its target price to Rs 13,000 from Rs 9,000, expecting a strong demand rebound in the next fiscal year.

The brokerage noted that industry consolidation favors market leaders, while factors like housing upcycle and revival in government-led capital expenditure will boost demand. Cost reductions through renewable energy, improved logistics through mergers, and lower freight expenses could further strengthen the sector's profitability.

UltraTech, an Aditya Birla group entity, is the market leader in Indian cement industry with 177.7 MPTA grey cement capacity as on 1 March 2025 with pan-India presence.

On a consolidated basis, net profit of UltraTech Cement declined 17.30% to Rs 1469.51 crore while net s...