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Hindalco shares jump 22% in a year: Should you buy or sell after Q2 results 2026? What brokerages say, price targets

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In short

Hindalco's quarterly consolidated net profit surged 58.8% to ₹7,533 crore alongside a 42% climb in EBITDA to ₹13,757 crore. Despite near-term aluminium margin pressures from halved coal stockpiles, winter conditions are expected to ease domestic supply bottlenecks by the fourth quarter. The group continues expanding downstream initiatives, including battery foil and copper recycling projects, to ensure steady long-term cash flows.

Key points

  • Nuvama upgraded the company to a buy rating while lifting its target price to ₹1,184 per…: Nuvama upgraded the company to a buy rating while lifting its target price to ₹1,184 per share.
  • Indian aluminium operating costs are projected to increase by around 5% during the third…: Indian aluminium operating costs are projected to increase by around 5% during the third quarter due to tight coal supplies.
  • Forward hedging covering 26% of projected FY28 aluminium volumes at $3,168 per tonne prov…: Forward hedging covering 26% of projected FY28 aluminium volumes at $3,168 per tonne provides strong downside protection.

Sources checked by our analysis pipeline: 1

Hindalco Industries shares are in focus after the company reported a strong set of results for the September quarter of FY27, with consolidated net profit rising nearly 59% year-on-year. The stock closed 1.88% higher at ₹957.70 apiece on the BSE on Friday.

The stock has gained 7.25% over the past week and 11.30% in the last two weeks. It has risen 1.89% over the past month and 21.53% over the past year. However, Hindalco shares remain down 6.71% over three months and 8.47% over six months. The stock has gained 7.01% year-to-date.

Hindalco Industries reported a 58.8% year-on-year jump in consolidated net profit to ₹7,533 crore in the September quarter of FY27, compared with ₹4,741 crore in the corresponding quarter last year.

Consolidated income rose to ₹92,651 crore from ₹66,771 crore in the year-ago period, the Aditya Birla Group company said in a regulatory filing.

The company's EBITDA for the quarter increased 42% year-on-year to ₹13,757 crore, reflecting strong contributions across its business segments.

In a statement, Hindalco said the record performance was underpinned by the strength of its integrated…

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