Hindalco Industries Limited (NSE:HINDALCO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Last week, you might have seen that Hindalco Industries Limited (NSE:HINDALCO) released its quarterly result to the market. The early response was not positive, with shares down 4.5% to ₹794 in the past week. Hindalco Industries reported in line with analyst predictions, delivering revenues of ₹661b and statutory earnings per share of ₹21.32, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Hindalco Industries after the latest results.

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Taking into account the latest results, Hindalco Industries' 25 analysts currently expect revenues in 2026 to be ₹2.53t, approximately in line with the last 12 months. Statutory earnings per share are forecast to decline 11% to ₹71.25 in the same period. In the lead-up to this report, the analysts had been modelling revenues of ₹2.46t and earnings per share (EPS) of ₹67.44 in 2026. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

Check out our latest analysis for Hindalco Industries

Despite these upgrades,the analysts have not made any major changes to their price target of ₹805, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Hindalco Industries, with the most bullish analyst valuing it at ₹950 and the most bearish at ₹615 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Hindalco Industries' past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 0.08% annualised decline to the end of 2026. That is a notable change from historical growth of 12% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 11% per year. It's pretty clear that Hindalco Industries' revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Hindalco Industries following these results. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. The consensus price target held steady at ₹805, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Hindalco Industries going out to 2028, and you can see them free on our platform here..

You still need to take note of risks, for example - Hindalco Industries has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.