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 8–9% growth in local cement demand in FY26, supported by an improving macroeconomic environment and a pickup in construction and private sector activities.</li><li>Regarding the recent super tax notification, management stated that they are awaiting the detailed order for further clarity. However, at present, management noted that LUCK’s cash reserves remains adequate to absorb any potential cash outflow related to the super tax, with no material impact on the company’s profitability.</li></ul>

Lucky Cement (LUCK) conducted analyst briefing today to discuss business performance and outlook.Management foresees 8–9% growth in local cement demand in FY26, supported by an improving macroeconomic environment and a pickup in construction and private sector activities.Regarding the recent super tax notification, management stated that they are awaiting the detailed order for further clarity. However, at present, management noted that LUCK’s cash reserves remains adequate to absorb any potential cash outflow related to the super tax, with no material impact on the company’s profitability.

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