OFFTAKE
Honasa Consumer shares climb 5% as Jefferies raises target price after Q2 show. Why is the brokerage bullish?
Honasa Consumer, the firm behind Mamaearth, saw a remarkable boost in its shares after revealing impressive quarterly earnings. The company recorded a nearly 87% increase in consolidated net profit for the September quarter compared to the same period last year. This surge in revenues marked the greatest growth since Honasa’s market debut. Jefferies has also upgraded its target price for the company, citing strong performance and promising future profitability.
ONGC uses stuck Russian dividend dues for Sakhalin fund, seeks operatorship of Venezuela oilfields
ONGC has utilized funds from its Russian dividends to meet its obligations for the Sakhalin-1 abandonment fund. The company is negotiating with Venezuela's PDVSA to take operational control of the San Cristobal and PetroCarabobo projects. This move is expected to enhance ONGC's ability to recover historical dividends and improve cash flow management. Discussions with relevant parties have progressed, and new agreements are anticipated soon.
Honasa Consumer revenue grows 36% in Q2, highest since listing
The company’s net profit rose 87% to Rs 73 crore in the second quarter of FY27, compared with Rs 39 crore in the year-ago period. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) nearly doubled to Rs 93 crore from Rs 48 crore a year earlier, while the Ebitda margin expanded to 12.7% from 8.9%.
Honasa looks beyond Mamaearth as younger brands grow over 45% and strengthen its beauty portfolio
Honasa Consumer saw impressive growth for its younger brands in the second quarter of FY27, particularly with The Derma Co. hitting unprecedented levels of brand search interest. Year-on-year revenue climbed by about 36%, leading to total earnings of Rs 731 crore. Notably, Mamaearth's growth remained strong, reinforcing its profitability, as the company successfully evolves into a versatile multi-brand beauty and personal-care platform.
Honasa Consumer Q2 Results: Mamaearth parent's profit surges 87% YoY to Rs 73 crore
Honasa Consumer achieved an 86.7% increase in net profit for the September quarter, reaching Rs 73.25 crore. Revenue from operations grew by 35.9% compared to the previous year, amounting to Rs 731.19 crore. Despite sequential profit decline, the company indicated strong performance across various sales channels, including general and modern trade. The flagship brand Mamaearth continued to show robust growth, contributing significantly to overall earnings.
ONGC Q2 profit jumps 57% to Rs 15,489 crore on higher oil prices, rupee depreciation
ONGC has reported a significant 57% increase in quarterly profit, reaching Rs 15,489 crore. The profit surge is attributed to higher oil and gas prices combined with rupee depreciation. Gross revenue also rose by 33% to Rs 43,875 crore during the July-September quarter. The company announced an interim dividend of Rs 8 per share, marking its highest-ever interim dividend.
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India's data centre capacity set for 5x surge by 2030
By March 2030, India’s data centre capacity is projected to soar to 7.5 gigawatts, fueled by escalating demand from global hyperscalers and the emergence of generative artificial intelligence. However, challenges such as power infrastructure and project execution timing loom large. To mitigate these risks, pre-commitments and long-term contracts are essential, alongside the industry's flexibility to adapt to changing computing needs, which will dictate its future profitability.
India wants more factories, fabs and data centres. Where will the water come from?
India's ambition to become a developed nation by 2047 is constrained by growing water resource challenges. Industries across sectors, including thermal power and semiconductor manufacturing, face water scarcity issues that could hinder growth. Many regions are already experiencing severe water stress, impacting economic development plans drastically. Adopting recycling and reuse technologies will be crucial for managing water in industries effectively.
India's renewable sector attracts investments worth $67 billion in last 2 years: Pralhad Joshi
The sector is growing at a fast pace in India and will play an important role in meeting the country's future power demand, the Minister for New and Renewable Energy (MNRE) said while addressing the Bharat Renewable Energy (BRE) Summit & Expo 2026 in the national capital.
Coal India shares jump 4% after firm records highest-ever monthly coal supplies in October
Coal India shares jumped more than 4% after the state-run miner reported record monthly coal production and supplies in October. Total supplies crossed 70 million tonnes for the first time, while deliveries to the power sector reached an all-time high of 57.1 million tonnes.
India’s CBG push hits manure bottleneck as plants struggle to find buyers
India’s compressed biogas expansion faces a growing hurdle as plants struggle to sell organic manure generated alongside gas, threatening project viability. With only 217 of 1,908 registered plants commissioned, operators face rising storage costs and underutilisation. Industry executives say the lack of assured manure offtake threatens the sector despite government support.
Coal India’s stockpile is shrinking fast as coal dispatches outpace production
Coal India has experienced a 49% cut in coal stocks over the last half-year. This notable decline comes amid a 7.6% surge in offtake, despite a 2.5% dip in production levels. The coal production reached 321 million tonnes, with an impressive dispatch of 384.20 million tonnes. Particularly, the inventory saw a steep 52% decline during the September quarter, reflecting diverse trends among its subsidiaries.
Companies with high credit ratings shifting to bond market as bank loans become dearer
In the current economic climate, AAA-rated corporations are opting to secure financing via the bond market, finding it more cost-effective than traditional bank loans. The recent interest rate hikes by the Reserve Bank of India have further enhanced the appeal of bonds. Companies like REC and SIDBI have successfully tapped into this market.
India's 100% ethanol-run vehicle push faces Supreme Court question to govt over fuel supply
The Supreme Court questioned the Centre over ethanol supply for 100% ethanol-run vehicles after India amended motor vehicle rules to permit E100 flex-fuel vehicles. The government acknowledged that large-scale manufacturing changes would be necessary. The court also highlighted farmers' interests while examining ethanol allocation disputes, as the Centre ruled out increasing petrol ethanol blending beyond the current 20% level.
India's deeptech dream remains import dependent for critical components
The founder of a spacetech startup developing rockets said geopolitical tensions, including the Russia-Ukraine war, disrupted the supply of critical components. “Parts that were earlier available within weeks are now taking months to arrive, making it harder for startups to plan development and testing schedules,” the founder said, requesting anonymity.
Mankind Pharma shares jump 8% as Q2 profit rises 38% to Rs 716 crore
Mankind Pharma shares jumped nearly 8% after the company reported a 38% year-on-year rise in Q2 profit to Rs 716 crore. Revenue grew 17%, supported by domestic and export growth, while EBITDA margins expanded 210 basis points.
Sugar stocks: Short-term pain is real; has the long-term case broken? 7 stocks from the sugar-ethanol ecosystem
Though this year's ethanol tender leaves sugar out, the long-term blending roadmap still points to rising ethanol use. The move is aimed at a short-term sugar-supply problem, not at ethanol itself. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Mankind Pharma shares key business developments from Q2 & H1 of FY27
The company outperformed the market by 1.1 times in both chronic and acute therapies. Cardiac and anti-diabetes brands registered growth of 18.7% and 15.8%, respectively. In acute therapies, gastroenterology grew at 1.3 times the market rate, while vitamins, minerals and nutrients (VMN) expanded at 1.4 times that rate.
Bharat Coking Coal shares rally 5% after Q2 profit turnaround; revenue jumps 39% YoY
Bharat Coking Coal shares sharply on Monday after the Coal India subsidiary reported a turnaround to profit in Q2 FY27, with net profit at Rs 123.7 crore and revenue up 39% year-on-year to Rs 4,412.58 crore. However, first-half production declined, while technical indicators pointed to continued weakness in the stock.
Investments in emerging sectors rise, but bank and NBFC financing remain limited: Report
Emerging sectors like AI, semiconductors, and defence are attracting significant investments while bank lending is limited. The financing patterns vary, with AI and space primarily funded through equity. Risks such as technology obsolescence and payment delays impact the lending sector significantly. Banks are encouraged to develop specialized financing strategies to support these sectors effectively. Over the next few years, demand is expected to shift towards storage and defence-related investments.
India's emerging sectors to drive capex, credit demand towards storage, semiconductors: Report
Financing demand in India's emerging sectors is expected to shift towards battery storage, semiconductor packaging, green hydrogen projects with assured buyers and defence suppliers over the next three to five years, as investments in new growth industries create opportunities for banks, according to a Union Bank of India research report.
Financing demand set to shift to emerging sectors like AI, semiconductors: Report
India’s emerging sectors are set to attract fresh bank financing over the next three to five years, with AI, semiconductors and defence leading investment opportunities, according to a Union Bank of India report. Battery storage, green hydrogen, semiconductor packaging and defence suppliers could gain funding as industries expand. However, technology obsolescence, uncertain revenues and long payback periods remain key lending risks.
Petronet LNG, Gruner Renewable float JV to develop CBG plants with Rs 1,200 cr investment
Petronet LNG and Gruner Renewable Energy have formed a 50:50 joint venture to develop compressed biogas plants. This joint venture will involve an estimated investment of Rs 1,200 crore for developing ten plants in India. Each plant is designed to handle 18 metric tonnes of biogas per day, contributing to renewable energy goals. The partnership aims to enhance the commercial viability of the compressed biogas ecosystem in India.
Speedy project approvals, assured buyers key to India's 100 MT coal gasification target by 2030
India has set a target to gasify 100 million tonnes of coal by 2030 with significant investments. The coal ministry estimates the investment required will be between Rs 2.5 and 3 lakh crore. A streamlined single-window approval process is essential to facilitate this ambitious project. Coal gasification is expected to reduce India's import dependence on methanol and natural gas.
Ecommerce festive sales fizzle out on price pangs
Executives attributed the slowdown to sluggish demand for premium electronics, including smartphones, home appliances and laptops, as prices of these products have risen 30-40% in the past few months. Smartphones and electronics, which account for more than half of GMV during festive sale events for some platforms, have been hit by price increases, an executive said.
Beyond Oil: How bioenergy investments can rebalance India-Russia trade
Russia now exports more than $60 billion worth of goods annually to India, primarily crude oil, petroleum products, coal, and fertilisers.
NTPC in talks with Japan, South Korea, Germany for green fuel exports
NTPC is currently engaged in discussions with potential buyers from Japan, South Korea, and Germany. The company aims to establish a green hydrogen hub in Andhra Pradesh for producing green ammonia and methanol. These green fuels are becoming increasingly important for industries seeking to reduce emissions effectively. With government support of approximately $2.1 billion, India plans to produce five million metric tons of green hydrogen annually by 2030.
India-Chile trade negotiations: A quiet and strategic deal beyond tariffs
India and Chile are progressing with negotiations for a Comprehensive Economic Partnership Agreement to enhance trade relations. The agreement will focus on sectors such as digital services, critical minerals, and investment. Both nations seek to diversify their trade partnerships and reduce reliance on single markets, particularly in mineral exports.
Cement prices likely to rise by Rs 10-15 per bag from mid-October: Emkay Research
Cement manufacturers in India are likely to increase prices by Rs 10 to 15 per bag soon. This price hike is necessary to address high input costs, particularly for fuel and packing materials. Market conditions remain favorable, supporting steady demand growth in the sector. Furthermore, private construction projects and upcoming elections are expected to enhance demand over the next year and a half.
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