** India's Ultratech Cement ULTC.NS drops 2% on Tuesday as demand concerns outweigh positive commentary by multiple brokerages on the cement maker's future growth prospects
** Co reported Q4 profit on Monday that missed estimates; said soaring summer temperatures hitting demand
** Avg rating of 39 analysts is "buy;" median PT is 13,000 rupees - LSEG data HEAT WAVE HITS NEAR-TERM DEMAND, BUT GROWTH PROSPECTS INTACT
** CLSA ("Outperform", PT 12,700 rupees) says volume growth is higher than the industry growth rate
** Adds, growth outlook remains strong despite soft demand due to the heat wave, citing benefits from likely volume growth and new acquisitions
** Jefferies ("Buy", hikes PT to 14,000 rupees from 13,265 rupees) says June quarter earnings to benefit from recent pricing uptick, sees improvement in ULTC's core profit due to integration of its newly acquired assets
** UBS ("Buy", hikes PT to 14,200 rupees from 13,000 rupees) expects heat wave to hit cement demand in the June quarter, but adds outlook for FY2026 remains strong with a potential double digit volume growth
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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