Citi expects profitability expansion in Britannia Industries to be driven by lower commodity costs. JPMorgan expects Pidilite Industries’ positive demand outlook as being aided by macro tailwinds, though near-term weather disruptions remain a risk.

NDTV Profit tracks what analysts are saying about various stocks and sectors. Here are the analyst calls to keep an eye out for on Tuesday:

Citi On Britannia

  • Retains ‘buy’ call and revises target price to Rs 6,500, as compared to Rs 6,200 earlier.

  • Marginally raises fiscals 2026 to 2028 earnings estimates for Britannia by 0-1%.

  • The brokerage tweaks margin assumptions higher.

  • Citi expects profitability expansion driven by lower commodity costs.

JPMorgan on Pidilite Industries

  • Maintains ‘overweight’ with a target price of Rs 3,300.

  • Positive demand outlook aided by macro tailwinds though near-term weather disruptions remain a risk.

  • Aims to deliver double-digit underlying volume growth with value growth.

  • Construction vertical remains a bright spot benefiting multiple portfolios, across tile adhesives, floor coatings, waterproofing, epoxy grouts, etc.

  • Core adhesives (Fevicol) continue to grow, aided by premiumisation and Go-to-Market initiatives.

  • Benign raw material prices should help to maintain the Ebitda margin at the upper end of the 20-24%.

UBS On Multi Commodity Exchange Of India

  • The brokerage has paused rating under-review, with its previous target price standing at Rs 7,000.

  • Options volume could be higher in India similar to pattern seen in equity and commodity derivatives.

  • Pricing could be based on either per unit basis or turnover.

  • European power spot volume on EEX was about 880 TWh and derivatives volume was about 8,439 TWh (10x).

  • Derivatives market has registered 63% growth in 2024.

. Read more on Markets by NDTV Profit.Here are the analyst calls to keep an eye out for on Tuesday.  Read MoreMarkets 

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