Cement Q1 Results Preview: Ultratech, Ambuja, JK Cement are the brokerages' top picks, with a potential revision of top picks post Q1 FY26 results due to recent surge in valuations.
Volume growth during the quarter for companies under Systematix' coverage is expected to be in the range of 6-7% YoY, with strong performance expected from JK Cement and Ambuja at 11.5% and 8.2% respectively.
Dalmia and Ultratech are likely to report slower growth at 5.4% and 5.8% respectively.
Cement demand in Q1 FY26 showed improvement on a YoY basis, attributed to a low base caused by elections last year.