Hindalco reported strong Q4 profits boosted by commodity prices, but anticipates a hit to profitability in Q1FY26. Analyst views are mixed, citing pricing concerns, tariffs, and scrap costs impacting Novelis. Stock is currently slightly up.

• Q4 profit exceeded analyst expectations.
• Q1FY26 profitability is likely to decline.
• Novelis faces tariff & scrap price pressures.