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>Lucky Cement (LUCK) conducted analyst briefing today to discuss business performance and outlook.</li><li>Management foresees 9–10% growth in local cement demand in FY26, supported by an improving macroeconomic environment and a pickup in construction and private sector activities.</li><li>On the foreign operations front, in 1QFY26 the company announced on the exchange the addition of a 1.3 MTPA line in Congo, while a 0.65 MTPA project in Samawah, Iraq, commenced operations in Nov-2025.</li></ul>

Lucky Cement (LUCK) conducted analyst briefing today to discuss business performance and outlook.Management foresees 9–10% growth in local cement demand in FY26, supported by an improving macroeconomic environment and a pickup in construction and private sector activities.On the foreign operations front, in 1QFY26 the company announced on the exchange the addition of a 1.3 MTPA line in Congo, while a 0.65 MTPA project in Samawah, Iraq, commenced operations in Nov-2025.

Topline Flash Note: Lucky Cement (LUCK): Corporate Briefing Key Takeaways