FY26 RESULTS
Pernod Ricard India begins operational steps ahead of potential IPO
Pernod Ricard India is actively working on transforming its legal structure from a private entity to a public one. This maneuver positions the company for a potential initial public offering in the coming months. The CEO has highlighted India's importance as a growth hub for Pernod Ricard, while supply chain enhancements are being made to avoid any disruptions during this significant transition phase.
Trent’s Rs 1.80 lakh crore rout from peak: Has Q2 just flipped the script for Tata group’s retail crown jewel?
In Q2FY27, Trent demonstrated impressive financial performance, achieving a remarkable 23% increase in revenue compared to the previous year. This achievement is particularly noteworthy given the challenges other retailers faced during the festive period. With continued expansion in store locations for both Zudio and Westside, analysts are split on future prospects, balancing optimism for recovery against caution as the market awaits consistent revenue growth.
Nifty 50 companies likely to log strong double-digit growth in Q2
Revenue and net profit of Nifty 50 companies are projected to grow by nearly 20% year-on-year. Analysts note that performance is driven by sectors like automobiles, banking, and oil. Operating margins, however, might contract slightly due to input cost pressures and inflation. Key sectors show varied conditions, balancing strong demand against potential challenges. Overall, medium to long-term outlook remains optimistic, despite some near-term volatility.
Titan Company shares fall 4% after Q2 business update. What is Nomura saying?
Titan Company reported 25% year-on-year growth across its consumer businesses in Q2FY27, led by jewellery, watches and EyeCare. Nomura retained its Buy rating, citing strong growth visibility despite high jewellery sales bases and elevated gold prices.
John Distilleries surpasses Rs 10,000 crore revenue in FY26; Sazerac become majority shareholder
In FY26, John Distilleries Ltd demonstrated remarkable growth, achieving a revenue of Rs 10,820.10 crore and a net profit of Rs 11.6 crore, marking an increase from the previous year. The recent acquisition of a 66 percent stake by Sazerac has positioned it as the majority owner, replacing Paul John Fund LLC. Renowned for its acclaimed Paul John single malt whisky and Original Choice whisky, the company continues to thrive.
Sterlite Tech shares jump 4% as Nomura initiates coverage forecasting nearly 50% upside in 2026 multibagger. Here’s why
Nomura initiated coverage on Sterlite Technologies with a Buy rating and Rs 1,350 target, implying 48.5% upside. The brokerage expects strong optical fibre demand, data-centre growth and planned capacity expansion to drive STL’s revenue and margins. Shares have already surged sharply, gaining 430% in six months and 880% year-to-date.
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Vishal Nirmiti IPO Day 3: Issue subscribed 1.71 times; GMP at 9%. Check key details
Vishal Nirmiti's initial public offering (IPO) closed on September 30, 2026, after a three-day subscription period. The public issue garnered bids for 1,44,46,804 shares against 84,71,153 shares available, achieving a subscription rate of 1.71 times. In the grey market, the IPO holds a premium of Rs 20 over its upper price band, signifying positive expectations. Retail investors subscribed to the IPO 1.
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.
Q2 business update impact: PNB, Bank of Baroda, AU Small Finance Bank shares jump up to 4%. What lies ahead?
Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank rose up to 4% after strong Q2 business updates. Deposits and advances recorded robust year-on-year growth across the lenders, boosting investor sentiment. Analysts expect loan growth momentum to continue, though near-term margins could remain under pressure amid surplus liquidity.
ESDS Software shares hit 5% lower circuit, crash nearly 30% in 6 sessions. What's behind the selloff?
ESDS Software shares hit the 5% lower circuit on Monday, extending their losing streak to six sessions and taking the decline to nearly 30%. The selloff follows the expiry of a one-month shareholder lock-in, while weaker sequential Q1 revenue and profit have also raised concerns over the stock’s stretched valuation.
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.
Blockbuster Accenture show holds out hope for battered Indian IT
Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.
IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus
Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1% quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period.
IT Q2 review: Muted growth, steady margins likely; deal conversion, AI deflation in focus
India's leading IT firms are projected to exhibit modest revenue growth and stable margins for the second quarter. Analysts anticipate that discretionary spending will remain constrained due to geopolitical issues affecting client budgets. As such, decision-making cycles are expected to prolong for upcoming quarters. Additionally, AI advancements are predicted to impact traditional services and revenue generation timelines.
TCIL pays Rs 43.86 crore dividend to government for FY26; profit after tax at Rs 146 crore
Telecommunications Consultants India Ltd has paid a dividend of Rs 43.86 crore to the Government of India. This payment follows an operating revenue of Rs 3,335 crore and a profit after tax of Rs 146 crore. Over five years, the company's revenue has significantly increased from Rs 1,596 crore in FY 2021-22 to Rs 3,442 crore in FY 2025-26.
Ashok Leyland: A stronger balance sheet inside a business that will always remain cyclical
Quarterly numbers tell you what happened. But they do not always tell you why it happened. In commercial vehicles, demand can change because of many reasons: Interest rates, freight movement, regulation, vehicle utilisation, or simply the age of the fleet. This story looks at the factors that matter most for Ashok Leyland and uses the numbers to show how each one affects the business.
Ashok Leyland just had a record June quarter. So why did the margin fall a full point?
Ashok Leyland's June-quarter has an unusual contradiction. The company sold 48,763 commercial vehicles, its highest-ever first-quarter volume, and revenue from operations rose 10.43% to Rs. 9,634 crore. Yet, the operating EBITDA was Rs. 970 crore, almost the same as a year earlier. The Q1 FY 27 result must, therefore, be understood not in terms of greater demand, but in terms of why the record volumes and revenue did not lead to an increase in operating earnings.
ET Prime Special Series: Multibagger or IBC - Part 78: A tech company hiding inside an auto-parts maker. But with a weak spot
This is one of the most exciting businesses in the sector: A technology company disguised as an auto-parts maker, growing fast, earning exceptional returns, and generating real cash. It is also one of the most concentrated. A single buyer accounts for roughly three-quarters of its sales, and a single type of component for roughly three-quarters of its material costs. The upside is obvious. The fragility is the part investors have to weigh.
Corporate credit profile remains strong in H1FY27 despite West Asia conflict: Ind Ra
Indian companies' credit profiles showed resilience during the first half of fiscal year 2026-27. Despite the energy shock from the West Asia conflict, rating actions remained limited to a few issuers. The supportive domestic environment contributed to sustaining household purchasing power and controlling inflation. Strong revenue growth was noted across various sectors, with significant upgrades in investment-linked domains.
FIIs dump telecom for 8th straight month, outflows cross Rs 32,000 crore. Are stocks set for rebound?
Foreign portfolio investors have dumped Indian telecom stocks for the eighth consecutive month, pulling out over Rs 32,000 crore in CY26. Heavy 5G capex, delayed tariff hikes, and legal dues weigh on cash flows, leaving market participants questioning if a stock rebound is near.
Runwal Enterprises IPO enters Day 3: Check subscription status, latest GMP and other key details
Runwal Enterprises' IPO, which closed on September 29, was oversubscribed by 2.5 times according to BSE data. The IPO price band is set between Rs 290 and Rs 305, with a minimum investment for retail investors required. The listing on NSE and BSE is anticipated on October 5, following the finalization of the allotment on September 30. The company plans to utilize proceeds for debt repayment and future projects.
CoinSwitch swings to profitability in FY26 as crypto platform’s revenue climbs 150% to Rs 324 crore
CoinSwitch achieved profitability based on Adjusted EBITDA for FY26, with revenue growth of 150%. The company's revenue reached Rs 324.19 crore, leading to an Adjusted EBITDA margin increase to 27%. Operating costs increased by 37%, contributing to improved operating leverage. The platform focused on expanding its active user base and educating newcomers about crypto. CoinSwitch now serves over 2 crore users and supports more than 450 digital assets.
Nomura initiates coverage on Allied Blenders with Buy rating, sees up to 20% upside
Nomura has initiated coverage on Allied Blenders & Distillers with a Buy rating and a target price of Rs 850, implying nearly 20% upside. The brokerage sees premiumisation, backward integration and margin expansion as key growth drivers, with EPS expected to grow at a 26% CAGR over FY26–FY29. Execution delays and slower premiumisation remain key risks.
Honasa Consumer shares fall 5% after Rs 643 crore block deal; Peak XV, Sequoia likely sellers
Honasa Consumer shares declined up to 5% after 1.4 crore shares worth Rs 643 crore changed hands in a block deal. The transaction comes after the Mamaearth parent reported a 116.5% YoY rise in Q1 FY27 profit to Rs 90 crore. The company has set a Rs 5,500-crore revenue target by FY31, aiming to expand EBITDA margins to 15%.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
Shah Investor's Home IPO opens today. Check GMP, price band and other key details
Shah Investor's Home IPO opens for subscription on September 28, with the Rs 90.17-crore issue commanding a 5% GMP. The book-built issue comprises a fresh issue of 53.99 lakh shares and closes on September 30.
After home run, South and West developers tap NCR to drive growth
The NCR region is rapidly becoming a strategic playground for real estate developers hailing from South and West India, spurring significant growth ventures. Renowned brands such as Prestige Group and Sobha are poised to make their mark amidst fierce competition, taking advantage of burgeoning opportunities. With buyers placing a premium on developer credibility and quality, the landscape is shifting.
Tata’s e-commerce business begins to Cliq, losses shrink 19%
Tata Cliq narrowed its net loss by 19% to Rs 253 crore in FY26, marking the third consecutive year of improvement, while revenue from operations rose 20% to Rs 354 crore. The company attributed the progress to stronger growth, improved contribution margins and monetisation. Tata Cliq Fashion grew 7%, while Tata Cliq Luxury recorded 26% growth during the year.
India records highest-ever FDI of $94.53 billion in FY26, inflows since 2014 reach $843 billion: Piyush Goyal
India achieved its highest-ever annual Foreign Direct Investment of USD 94.53 billion in FY 2025-26. Cumulative FDI inflows from FY 2014-15 to FY 2025-26 reached USD 843 billion. The Production Linked Incentive schemes have attracted significant investments and generated millions of jobs. Key sectors benefited include electronics, pharmaceuticals, and IT hardware as outlined by the Commerce and Industry Minister.
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