RENTOMOJO Q1 RESULTS
Honasa Consumer shares jump 7% as Q2 operating update points to strong growth
Honasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the early thirties, improving margins and continued traction across brands and offline channels.
Utkarsh Small Finance Bank Q2 disbursements jump 55% YoY to Rs 3,525 crore; loan portfolio rises over 7%
Utkarsh Small Finance Bank’s Q2 FY27 disbursements surged 54.9% year-on-year to Rs 3,525 crore, driven by strong non-JLG growth. Total loans rose 7.5% to Rs 20,063 crore, while deposits increased 6.6% to Rs 23,869 crore, according to provisional business data.
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.
Dabur shares rise 4% as firm sees double-digit Q2 growth; FMCG set for strong performance
Dabur shares rose sharply on Tuesday after the FMCG major projected double-digit consolidated revenue and PAT growth in Q2FY27. Its India FMCG business is expected to accelerate, while Home & Personal Care could post double-digit growth. Food and Beverages may deliver mid-teens growth, while international business is expected to maintain strong momentum.
India’s factories power up as demand, output and hiring improve in Q2: FICCI survey
Manufacturing sentiment in India improved noticeably in the second quarter of FY27, reflecting increased expectations for production and demand. About 95 percent of manufacturers reported stable or higher production levels compared to the previous quarter. Capacity utilization also rose, reaching approximately 75 percent, highlighting effective operational efficiency. Hiring intentions increased, with 43 percent of manufacturers planning to recruit additional staff in the coming months.
Newly-listed Steamhouse India shares hit 10% circuit after Q1 net profit rises 80% to Rs 18 crore
Newly-listed Steamhouse India shares hit the 10% upper circuit after the company reported an 80.25% year-on-year rise in Q1 FY27 net profit to Rs 18 crore. Revenue from operations rose 13.35% to Rs 129 crore, while margins improved 700 basis points to 24.05% during the quarter.
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Rentomojo shares rally 6% after Q1 revenue rises 51%, normalised PAT grows 72% YoY
Rentomojo shares rallied after the company's first earnings report since its listing last month, which showed revenue up 50% year-on-year to Rs 126 crore in Q1 FY27. EBITDA rose to Rs 51 crore from Rs 34 crore, with margins st
Honasa Consumer shares jump 7% as Q2 operating update points to strong growth
Honasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the early thirties, improving margins and continued traction across brands and offline channels.
Kotak Mahindra Bank shares jump 4% as Q2 net advances rise 25% YoY, deposits up 23%
Kotak Mahindra Bank's net advances increased 25% year-on-year to Rs 5.77 lakh crore in Q2 FY27. Total deposits rose more than 23% year-on-year to Rs 6.51 lakh crore during the same period. CASA deposits reached Rs 2.49 lakh crore, reflecting an 11% growth compared to last year. Anup Kumar Saha has been appointed as the new CEO, effective January 1, 2027.
Trent’s Q2 revenue rises 23% YoY to Rs 5,788 crore; Zudio crosses 1,000-store milestone
Tata Group retailer Trent reported 23% year-on-year growth in standalone revenue to Rs 5,788 crore in Q2FY27, while H1 revenue rose 21% to Rs 11,454 crore. The company crossed 1,000 Zudio stores and operated 1,342 stores across brands by September.
$14 billion worth of IPO shares set for lock-in expiry to hit Dalal Street by December
In the upcoming three months, a significant event will unfold as lock-ins will expire for shares in 91 companies, releasing approximately $14 billion worth of stocks. Notably, the Central Mine Planning & Design Institute will see a release of 464 million shares. As various companies unlock shares through November and December, investors should closely analyze potential shareholder actions in the post-lock-in landscape.
India telecom sector may see 12-15% tariff hike in next 4-5 months: Report
India's telecom operators are projected to see a 12-15% tariff hike in the next few months. Bharti Airtel, Reliance Jio, and Vodafone Idea Limited are expected to report revenue growth in average revenue per user. Reliance Jio is estimated to add 8 million subscribers, while Bharti Airtel expects to gain 3 million customers. Vodafone Idea is projected to add 1 million subscribers in the same period.
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.
AMFI reshuffle: NSE may get largecap status, SBI Fund Management may become midcap in H1 CY27
Nuvama expects NSE to enter the largecap category and SBI Funds Management to become a midcap in AMFI’s H1 CY27 reshuffle. Bosch, Siemens Energy India and others may be upgraded, while several largecaps could move down. The revised classification will take effect from February 1, 2027, after H2 CY26 market-cap rankings.
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.
TCS, Infosys and other IT stocks in focus after Accenture Q4 revenue, outlook beat estimates
Indian IT stocks including TCS and Infosys are in focus following Accenture's strong Q4 results and above-estimate revenue guidance. While the outlook signals potential recovery in discretionary technology spending, analysts warn that Indian IT firms may still report their weakest Q2 growth in three years amid AI-led pricing pressures.
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.
RIL Q2 Results: Nuvama sees 17% EBITDA growth, led by O2C biz. Here’s what to expect
Reliance Industries is expected to report 17% year-on-year growth in Q2FY27 EBITDA to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. While the O2C business is likely to drive near-term earnings, New Energy could emerge as a key growth driver, with EBITDA projected to reach Rs 20,100 crore by FY30. Nuvama retains its Buy rating with a target price of Rs 1,766.
Q2 earnings: Can India Inc repeat Q1, or will Q3 erase the base-effect tailwind?
India Inc is likely to see a dip in earnings performance for Q2 in comparison to Q1, with analysts forecasting a growth slowdown of roughly 13-14%. Rising costs and margin pressures are key contributors to this trend. As base effects normalize, sectors such as lending financials, manufacturing, and capital goods are projected to bolster earnings, highlighting the importance of monitoring business improvements amidst fluctuating costs.
TCS, Wipro, other IT stocks rebound up to 6%, snapping 8-day losing streak. Why is Jefferies cautious?
IT stocks rebounded on Wednesday, with TCS, Wipro and Coforge snapping an eight-session losing streak. The Nifty IT index rose nearly 3%, aided by a stronger US dollar and higher US bond yields, though brokerages remain cautious ahead of the Q2 earnings season.
Goldman Sachs sees Eternal achieving $1 billion EBITDA by FY29; raises target price
Goldman Sachs maintained a Buy rating on Eternal, formerly Zomato, raising its target price by 11% to Rs 385. The brokerage foresees Eternal hitting $1 billion EBITDA by FY29, driven by Blinkit's robust growth and steady-state margin expansion alongside stabilising competitive intensity in quick commerce.
Suzlon Energy shares fall 2% to near six-month low, down 15% in one month
Suzlon Energy shares slipped over 2% to a near six-month low, approaching their 52-week low amid higher trading volumes and broader market weakness. Investors are also tracking the company’s Q1 performance and wind energy outlook.
Furniture rental company Furlenco gears up for Rs 1,200-crore IPO
The company is seeking a valuation of around Rs 7,000 crore, one of the persons said, adding that the final valuation will be decided closer to the IPO, “depending on market conditions and the response during investor roadshows.”
Six companies debut on bourses; four deliver premium listings
On Thursday, six companies entered the stock market. LCC Projects and Karamtara Engineering opened with premiums over their respective issue prices. Meanwhile, Rentomojo and Steamhouse India experienced positive gains on the NSE. The Asset Reconstruction Company had a flat debut, while Manipal Payment and Identity Solutions slightly dipped at listing compared to its issue price.
Accel-backed Rentomojo lists on Dalal Street at 19% premium
On Dalal Street, Rentomojo celebrated its debut with a robust nineteen percent premium on shares. The overwhelming demand for its initial public offering not only eclipsed forecasts but also provided early investors, including the founder, significant paper gains. With eyes set on the market, Rentomojo plans to amplify awareness of furniture and appliance rentals alongside expanding into fresh categories.
Up to 152X return! Rentomojo IPO delivers eye-popping gains to Nitish Mittersain, other early backers
Rentomojo’s stock market debut has turned into a major windfall for early investors, with Nazara Technologies founder Nitish Mittersain set to clock a 152X return on his investment based on the IPO’s upper price band. Several other early backers, including Accel India, Madison India and Rajeev Chitrabhanu, are also poised to unlock multi-fold gains following the company’s listing on Thursday.
Rentomojo shares jump 9% after listing at 19% premium over IPO price. Can the debut-day mojo last?
Rentomojo shares surged 9% after a strong debut, taking gains to 30% above the IPO price. The stock listed at a 19% premium and rallied to Rs 526.70 within an hour. While analysts see long-term potential, they have flagged valuation concerns and advised caution after the sharp listing-day gains.
Rentomojo shares list at 19% premium over IPO price
The Rs 1,255.57 crore IPO was priced at Rs 404 per share and included both a fresh issue and an offer for sale (OFS). The fresh issue comprised 37.15 lakh equity shares worth Rs 150 crore, while the OFS component consisted of 2.73 crore shares valued at Rs 1,105.57 crore.
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