Higher prices drive Hindalco's record yr

Aluminium lift Aided by higher commodity prices, aluminium upstream Ebitda overtook that of Novelis in FY25.

- Nehal Chaliawala

Elevated aluminium and copper prices drove Hindalco Industries Ltd's FY25 revenue and profit to a record high, more than offsetting the tepid performance of its US-based subsidiary Novelis, which battled high input costs. The record performance has also set the performance bar too high for the company to repeat in FY26.

A moderation in metal prices could temper the company's performance in the new fiscal. But this will likely be offset by an improvement in Novelis' performance, said Satish Pai, the managing director of Hindalco.