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Vedanta aluminium metal has reported healthy volume print for Q1FY27

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: Vedanta aluminium metal has reported healthy volume print for Q1FY27. Aluminium production for the quarter increased by 5% YoY to 632 kt, while alumina production rose by 41% YoY to 826 kt in the quarter

View: Aluminium production increased during the quarter, driven by the commissioning of the 435 kt capacity at BALCO, resulting in a 17% YoY growth. Alumina production benefited from expansion-led volume additions but declined 6% QoQ due to an unplanned shutdown. During the quarter, the company also received Environmental Clearance and Stage-II Forest Clearance for the Sijimali Bauxite Block, while the mining lease for the Kuraloi (A) North Coal Block was executed, with mine opening permission received in June'26. We maintain a positive long-term view on the stock, supported by its leadership position in the domestic aluminium industry, favourable demand outlook, capital-efficient operations, and healthy dividend yield.

Impact: Positive

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