FESTIVE SEASON STOCK PICKS
Amazon sees rising demand for premium, AI-powered electronics in Assam ahead of festive sale
Amazon India revealed that the demand for premium and AI-powered consumer electronics is rising across Assam ahead of the Amazon Great Indian Festival (AGIF) 2026, which begins on October 8.
Mamaearth, Nykaa expect strong growth momentum in Q2 FY27
Honasa Consumer, the parent company of Mamaearth, expects consolidated NSV growth in the early thirties year-on-year (YoY) during the quarter, building on the momentum established in the first quarter of FY27, according to a filing with the stock exchanges. NSV refers to the net sales value after accounting for returns, taxes, discounts, and cancellations.
Vehicle registrations up 32% on-year in September
As per data collated by Federation of Automotive Dealers’ Associations (FADA), passenger vehicles, two-wheelers and commercial vehicles retails rose 33%, 32% and 38%, respectively in the month under review.
Sugar stocks Balrampur Chini, Dhampur Sugar, others rally up to 8%. What’s behind the uptick?
Sugar stocks, including Balrampur Chini, Dhampur Sugar and EID Parry, rallied sharply on Tuesday as raw sugar futures remained near two-year highs. Rising supply concerns in Brazil, Europe and Thailand, along with stronger festive-season demand, have lifted expectations of tighter global sugar supplies and supported the recent rally.
Two-wheelers, EVs power September auto sales as festive demand picks up
India’s two-wheeler market saw record sales in September, boosted by festive consumer buying trends. Two-wheeler sales rose 33.08% year-on-year, marking the segment's highest-ever September performance. Electric vehicles also achieved record monthly sales, accounting for 11.58% of overall two-wheeler sales. The festive season is anticipated to further enhance sales momentum, with many dealers expecting growth. Overall, the shift toward electric vehicles indicates changing consumer preferences in the automotive market.
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Consumer demand revives, but D-Mart shares plunge amid e-commerce fears
Consumer demand gained momentum for companies like Marico and Godrej Consumer Products in the second quarter. Retailers including D-Mart and V-Mart Retail showed strong sales growth, although D-Mart's shares declined significantly. Marico reported a double-digit volume growth, while Godrej tracked revenue growth in the teens despite inflationary risks. Nykaa experienced robust growth in its beauty and fashion segments during the quarter.
The White Lotus Season 4 is hiding a huge twist and Kumail Nanjiani knows the secret but he won't even tell his wife
Earlier seasons stayed closely tied to a single resort and the guests caught up in its drama. Season 1 took viewers to Hawaii. Sicily became the setting for Season 2. Season 3 shifted the story to Thailand. France gives Mike White a very different backdrop. The Cannes Film Festival puts movie stars and wealthy power players in the same packed setting. Status matters at every turn. Competition is never far away.
Retailers post high double-digit revenue growth in Q2 despite festive season shift
Retail companies have shown strong revenue growth in the July-September quarter of 2026. Avenue Supermarts Ltd reported an 18.4 per cent increase in standalone revenue, reaching Rs 19,206.18 crore. V-Mart Retail and V2 Retail also reported substantial year-on-year revenue growth during this period. The festive season has shifted by 19 days, impacting sales performance reports across retailers. October to December is expected to capture more festive-led retail demand this year.
PNB launches special festival campaign, announces offers for retail loans
Punjab National Bank has launched its 2026 festive retail loan campaign, offering concessions across home, car and other retail loans. Under the scheme, home loan borrowers will get a full waiver of upfront and processing fees along with a 5-basis-point rate concession, while car loans will also carry a full fee waiver.
India's sunflower oil imports hit four-year low on Black Sea disruption; palm oil rises
India’s sunflower oil imports fell 36% in September to their lowest level in more than four years as the Ukraine war disrupted Black Sea shipments, pushing refiners towards palm oil. Palm oil imports climbed to a seven-month high of 810,000 tonnes as buyers also built stocks ahead of the festive season.
Industry body urges cooking oil firms to pass on import duty cut to consumers as festive season nears
Indian Vegetable Oil Producers’ Association calls on companies to reduce retail prices following recent government duty cuts. The duty reductions aim to provide consumers relief during the approaching festive season when demand rises. Companies are expected to submit their retail pricing weekly to ensure transparency in the market. Global price volatility has affected domestic edible oil prices, contributing to inflation pressures on consumers.
Bajaj Finance shares jump 5% after Q2 business update. Why Jefferies sees 35% upside in its top pick?
Bajaj Finance shares rose sharply on Monday after the NBFC reported 26.5% YoY growth in Q2 FY27 AUM to nearly Rs 5.85 lakh crore. Jefferies retained its Buy rating and Rs 1,280 target price, implying 35% upside, and reaffirmed Bajaj Finance as a top pick, citing strong AUM growth.
Crash alert! V2 Retail shares plunge 20% on Q2 business update; festive season shift weighs on growth
V2 Retail shares fell 20% despite a 28.4% year-on-year rise in Q2 FY27 revenue to Rs 905 crore, driven by continued store expansion. Same-store sales growth stood at 0.5% on a festival-normalised basis but declined 14.9% on a calendar basis due to the shift in Navratri and Durga Puja. The company expects stronger demand in Q3.
Menlo Ventures on AI slowdown; Ola Electric CEO pledges stake
Happy Monday! Menlo Ventures, an early Anthropic backer, says the real AI constraint is compute, not a slowdown in frontier models. This and more in today's ETtech Morning Dispatch.
Festive cheer shifts beyond metros as consumer brands bet big on small-town India
Consumer brands are turning to tier-2 and smaller cities for festive-season growth as urban consumption weakens. Titan, Nykaa, Biba, Fabindia and Forest Essentials are expanding their reach through sharper marketing, distribution and delivery, while Amazon has widened instant delivery to more cities, seeking to tap rising demand beyond metros.
Two-wheelers, commercial vehicles set to outperform passenger cars in FY27: Report
India's auto industry, excluding tractors, is showing steady growth with two-wheelers and commercial vehicles leading. Passenger vehicle sales have also been strong, with Maruti Suzuki India Limited showing significant growth. However, tractor volumes have declined among manufacturers, affecting overall volume growth. The timing of the festive season is impacting year-on-year growth comparisons for the auto sector.
Automakers ramp up production, inventory as festive demand picks up
Automakers in India are increasing production and optimizing dealer inventories in anticipation of the festive season. Maruti Suzuki and Hyundai Motor India are addressing pending bookings to meet consumer demand effectively. Mahindra & Mahindra has also enhanced its manufacturing capacity for utility and electric vehicles. These efforts aim to balance supply and demand during major festive holidays. Overall, automakers are focused on ensuring vehicle availability for customers.
Despite price hike, appliance makers expect double-digit growth in festive sales
Air-conditioner and consumer appliance prices have risen 5-8% ahead of the festive season, but manufacturers expect sales to grow in double digits, driven by premiumisation, replacement demand, easy financing and improving consumer sentiment.
Price hikes unlikely to cost brands this festive season
Yet analysts expect demand to remain resilient in impulse-led categories and for purchases linked to the multiple occasions that now make up the festive season. ET reported on September 7 that ecommerce marketplaces and online retailers are expected to clock a record Rs 1.50-1.55 lakh crore in sales during this year’s festive season, up 25-29% from 2025.
Auto makers post strong sales ahead of festive season
In September, automotive sales in India showed remarkable growth due to increased demand following the GST rate cuts. Maruti Suzuki led the market with a notable 37% sales increase, delivering 181,838 units. Other automakers, including Tata Motors and Mahindra & Mahindra, also reported substantial growth in passenger vehicle sales. However, challenges such as commodity costs and diesel prices remain areas of concern for the industry.
Coal supply by CIL to power sector rises 11 pc in Jul-Sep
Coal India Limited reported 11.01 per cent increase in dry fuel supplies to the power sector for Q2, aimed at satisfying the electricity needs arising from the festive season. Furthermore, coal production surged by 9.18 per cent in September, reflecting a boost in operational efficiency. Union Minister G Kishan Reddy confirmed the absence of a coal shortage.
Two tractor stocks: Escorts Kubota shares fall 6%; VST Tillers shares rally 5% after September sales
Escorts Kubota shares fell sharply on Thursday after September tractor sales declined 16.7% year-on-year, while VST Tillers shares rose 5% as total sales jumped 33%. Escorts cited a high base, festive season shift, patchy monsoon and lower Kharif sowing. Brokerages expect rural demand, festive buying and improving liquidity to support auto-sector volumes.
Indian automakers post higher September sales as dealers stock up for festive season
Indian automakers reported increased sales in September as dealers stocked up for the festive season. Hyundai Motor India achieved a 10.8% sales increase, driven by customer enthusiasm and the opening of bookings for the new Hyundai Bayon. Mahindra & Mahindra saw a 14% rise in domestic sales due to demand for sports utility vehicles, despite falling tractor sales.
India cuts sugar stock holding period for dealers to 15 days to curb hoarding ahead of festivals
Starting from October 15, new regulations will limit sugar stock for dealers to 1,000 quintals nationwide. Dealers will only be allowed to hold stocks for a maximum of 15 days. Kolkata and Assam will have a higher limit of 2,000 quintals due to regional needs. The Government expects retail sugar prices to decline further as ex-mill prices stabilize.
Can October turn the tide for Indian stocks after September rout?
As investors approach October, the landscape is shaped by high crude oil prices, increasing bond yields, and continued foreign selling. Historically, October has favored positive market returns, yet recent downturns could challenge this pattern. With the earnings season on the horizon, corporate profitability, particularly within large-cap stocks, will be under scrutiny.
Buoyant Q2 demand for consumer goods lifts festive sales outlook
Consumer demand in India saw significant growth during the July-September quarter, particularly in appliances and FMCGs. Sales of air conditioners, refrigerators, and branded apparel experienced double-digit growth closely following the festive season. Price increases partially influenced this growth amidst a low base from last year. Despite higher commodity costs and a weaker rupee, consumer sentiment appears to be positive.
Ecommerce's festive push; Vertex's AI bets
Happy Wednesday! Ahead of the festive sales, ecommerce giants are building out their supply chains. This and more in today’s ETtech Morning Dispatch.
Gold, silver slide as buyers wait for prices to stabilise
Gold and silver prices fell sharply on Monday, leading potential buyers to postpone purchases for upcoming festivals. Silver futures dropped significantly, while gold futures also experienced a notable decline on the MCX. The current correction in prices has made buying more affordable, but customers remain hesitant. Jewellers indicate that purchases typically happen in a rising market rather than a falling one.
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