External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul>
<li>Fauji Cement Company Limited (FCCL) conducted its FY26 corporate briefing session today where management discussed financial performance and future outlook.</li>
<li>Management expects local cement demand to grow by around 8–10% in FY27, supported by an anticipated recovery in construction activity and improved domestic demand.</li>
<li>We maintain buy stance on FCCL. The company is currently trading at FY27E PE of 7.2x.</li>
</ul>


Fauji Cement Company Limited (FCCL) conducted its FY26 corporate briefing session today where management discussed financial performance and future outlook.
Management expects local cement demand to grow by around 8–10% in FY27, supported by an anticipated recovery in construction activity and improved domestic demand.
We maintain buy stance on FCCL. The company is currently trading at FY27E PE of 7.2x.


Topline Flash Note: Fauji Cement (FCCL) - Corporate Briefing Key Takeaways