Street View: Lower commodity prices, Novelis risks to weigh on Hindalco's Q1FY26

Aluminum and copper miner Hindalco HALC.NS reported fourth-quarter profit ahead of analysts' estimates on Tuesday on higher commodity prices, which led to its upstream unit posting record core profit

Prices of commodities "slightly on the lower side currently" due to global uncertainties, CEO Satish Pai said in a post-earnings call

Stock oscillating between gains and losses on the day, last up 0.3%

PROFITABILITY TO LIKELY TAKE A HIT IN Q1FY26

J.P. Morgan ("overweight", hikes TP to 720 rupees from 680 rupees) says aluminum upstream core profit to drop sequentially in Q1FY26 as pricing tailwinds temper

Nuvama ("buy", PT at 776 rupees) says Novelis earnings will likely be affected by U.S. tariffs uncertainty

Ambit ("sell", raises TP to 660 rupees from 650 rupees) says scarp prices - a raw material for Novelis unit - will remain a headwind for co's recycling margins

Adds U.S.-based Novelis to bear tariff costs due to can sheet imports from South Korea, Brazil and due to higher products prices in the country