# Hindalco Q1 Beats Estimates; Analysts Raise Targets

2026-08-10T05:07:46+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Hindalco Industries reported better-than-expected Q1 results, driven by its aluminium business and a recovery at its US subsidiary Novelis. NDTV Profit reports that HSBC, UBS, and JP Morgan have raised target prices on the stock, citing strong capex plans and Novelis' turnaround. Jefferies, however, adopted a cautious stance, flagging near-term moderation in profitability. The company's capex pipeline for expansion and cost savings at Novelis are key triggers for the next leg of growth, according to the bullish analysts.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/hindalcos-stellar-q1-beat-with-novelis-recovery-sparks-d-street-optimism-check-target-price-11888066>

Tags: aluminium, analyst views, capex, Hindalco, Novelis, Q1 results
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