Nomura has reiterated a ‘Buy’ rating on Aditya Birla Real Estate, assigning a target price of ₹2,700, indicating a significant upside from its current market price of ₹1,848.00. The bullish view comes on the back of a strong operational performance in Q4 and promising visibility for FY26.
According to Nomura, the company reported fourth-quarter presales of ₹5,700 crore, significantly exceeding the brokerage’s estimate of ₹4,700 crore and marking a 96% year-on-year growth, despite a high base in the previous year. A major contributor to this outperformance was Birla Arika in Gurugram (Phase 1), which recorded ₹3,100 crore in bookings for over 300 units. The company also saw success in several launches across Bengaluru, which further strengthened its quarterly performance.
For the full year FY25, Aditya Birla Real Estate posted presales of ₹8,000 crore, a robust 101% growth YoY, hitting the top end of its own guidance range of ₹7,000–8,000 crore.
Looking ahead, Nomura highlighted the company’s strong launch pipeline for FY26, with eight new projects planned, including the third tower of its flagship Niyaara project in Worli, which is expected to generate high-value sales.
With execution momentum and demand visibility remaining strong, Nomura expects the company to continue outperforming in the medium term.
Disclaimer: The above views are of the broker’s and not the author or the publication’s. Please make any and every investment decision after consulting your financial advisor.