# Vedanta Shares Rise After Hindustan Zinc Beats Estimates

> Hindustan Zinc's Q2 profit surge boosts Vedanta shares with Emkay Global's Buy rating.
- Title: Vedanta Shares Rise After Hindustan Zinc Beats Estimates
- Summary: Hindustan Zinc's Q2 profit surge boosts Vedanta shares with Emkay Global's Buy rating. Emkay Global maintains Buy rating on Vedanta with ₹350 target after…
- Keywords: vedanta, hindustan zinc, d-street estimates, q2 results, emkay global, buy rating, target price, zinc prices, silver prices, profit margin, money, business
- Source: mint — https://livemint.com/market/stock-market-news/should-you-buy-vedanta-shares-after-subsidiary-hindustan-zinc-beats-d-street-estimates-in-q2-results-what-analyst-says-11792576290440.html
- Author: Dhanya Nagasundaram
- Published: 2026-10-21T10:46:31+00:00
- Read time: 1 min
- Topics: vedanta, hindustan zinc, d-street estimates, q2 results, emkay global, buy rating, target price, zinc prices, silver prices, profit margin, money, business
## Hindustan Zinc Q2 Results
Hindustan Zinc reported a 142% year-on-year increase in consolidated net profit to ₹6,412 crore for Q2 ended 30 September 2026.

> ₹6,412 crore
## Revenue Growth
Revenue from operations rose 76.5% to ₹15,093 crore from ₹8,549 crore in the previous year.

> ₹15,093 crore
## EBITDA Performance
Hindustan Zinc's EBITDA rose 14.2% sequentially to ₹9,290 crore, beating estimates by 6.9% and consensus by 9.2%.

> ₹9,290 crore
## Cost of Production
Zinc production costs fell to $703 per tonne in Q2 from $851 per tonne in the June quarter.

> $703 per tonne
## Emkay Global Rating
Emkay Global retained its Buy rating on Vedanta with a ₹350 target price, implying 44% upside from current ₹243 share price.

> ₹350 target
## Zinc Cost Guidance
Hindustan Zinc reduced FY27 zinc cost-of-production guidance to $825, 850 per tonne from $975, 1,000 per tonne.

> $825, 850 per tonne
## Silver Production
Hindustan Zinc delivered 340 tonnes of silver in first half of FY27 with target of 680 tonnes for full year.

> 340 tonnes
## Price Outlook
Zinc and silver prices are 23% and 28% above FY26 averages, supporting earnings growth through Q4 FY27.

> 23% above FY26
## What Investors Should Watch
Sustainability of zinc and silver prices, production guidance, and silver price corrections will determine earnings momentum through FY27.

> earnings momentum
## Key takeaway

Emkay Global maintains Buy rating on Vedanta with ₹350 target after Hindustan Zinc's Q2 profit jumped 142% year-on-year.