VBL OPERATING MARGIN DECLINE
Biocon CEO forecasts H2 results to outperform H1; company posts 52% fall in Q2 net profit; revenue up 2%
Biocon reported a 52% drop in second-quarter net profit due to shipment delays caused by geopolitical issues. The company expects revenue growth in the second half of fiscal 2027 from its biosimilars and insulin demand. Launches of pertuzumab in Europe and Brazil are anticipated soon, contributing to this growth. In the US market, their ustekinumab biosimilar has gained significant market share, boosting prospects.
Chalet Hotels reports total income from core operations of Rs 511 crore, PAT up 40% to Rs 216 crore
Chalet Hotels reported a 39.7% year-on-year rise in Q2 FY27 net profit to Rs 216.2 crore, despite a 31.7% decline in revenue to Rs 501.9 crore. Excluding income from a residential project recognised last year, revenue grew 11% to Rs 511 crore, while core EBITDA rose 13%, with margins improving.
Lenskart outlines roadmap for 25% Ebitda margin, says growth will take priority
In its shareholders' letter for the July-September quarter, the company said its strategy centred on controlling the entire value chain, from manufacturing frames and lenses to selling products directly to consumers, allowing it to retain margins otherwise distributed among suppliers and retailers.
Lenskart Q2 net profit more than doubles to Rs 232 crore, revenue rises 36%
The company’s net profit rose 125% to Rs 232 crore, compared with Rs 103.45 crore in the year-ago period. Profit before tax more than doubled to Rs 304.48 crore from Rs 148 crore a year earlier. The company's total expenses increased 31.1% — slower than its revenue growth — to Rs 2,596.8 crore, helping drive the improvement in profitability.
Zydus Q2 profit falls 27% despite 29% revenue growth; consumer wellness sales surge 76%
Zydus Lifesciences reported a 29% year-on-year rise in Q2FY27 revenue to Rs 7,909 crore, driven by growth across key markets and a 76% surge in consumer wellness. However, net profit fell 27% to Rs 925 crore, while EBITDA declined 6%. The company continues to advance its specialty drug pipeline.
Bayer CropScience Q2 profit rises 9% to Rs 166 crore despite 19% decline in revenue
Bayer CropScience Ltd has announced an impressive 8.84% growth in net profit, totaling Rs 166.2 crore for Q2 FY27. However, total income saw a 19.4% decline year-over-year, attributed to ongoing market challenges. Factors such as unpredictable monsoon patterns have disrupted both sowing and crop protection demand. In response, the company emphasizes efficiency improvements and portfolio enhancements, while the board has declared an interim dividend of Rs 90 per share.
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China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
ITC Q2 net profit falls 20% as high taxes keep margins in check
ITC reported a 20% decline in standalone net profit for the September quarter despite a 45% increase in revenue. The rise in cigarette taxation significantly impacted profitability, forcing ITC to absorb part of the price hikes. Non-cigarette businesses showed strong growth, achieving the highest revenue growth in 14 quarters. Factors such as inflation and geopolitical tensions continue to affect the operating environment.
Zero-sugar drinks hit the sweet spot as sales double for PepsiCo and Coca-Cola in Sept qtr
During the July-September 2026 quarter, consumer demand for zero-sugar and low-sugar beverages significantly increased across India. PepsiCo reported that sales of its low-sugar drinks doubled, while Coca-Cola also experienced similar gains. Companies are prioritising the production of low-sugar beverages to meet the rising market demand.
Stocks in news: ITC, Marico, SBI, Yatra Online, NSE, Container Corp and Sun Pharma
Indian equity benchmarks experienced gains, with Nifty nearing the 23,500 resistance level and strong corporate earnings reported. ITC faced a decline in consolidated net profit, impacted by the cigarette business, despite revenue growth. Marico saw a significant rise in net profit and expanding EBITDA margins during the quarter. Container Corporation of India reported a subdued performance with a slight decline in net profit compared to last year.
SBI Q2 Results Preview: PAT may rise up to 25% YoY; NII, margins, deposit growth in focus
State Bank of India will announce Q2FY27 results on November 3, with brokerages forecasting 11-13% NII growth and up to 25.2% profit growth. Investors will track margins, loan growth, deposits, credit costs and asset quality.
ITC Q2 Results Preview: Profit seen falling nearly 30% YoY as cigarette tax hikes bite
ITC is expected to report a weak Q2, with brokerages forecasting an 8% decline in cigarette volumes and a drop of up to 29% in cigarette operating profit following tax hikes. Nuvama expects consolidated revenue to fall 3% YoY and EBITDA to decline 20%. Growth in FMCG and paper businesses could provide some support against the pressure.
Reliance Retail says profit margins will improve from next year as its online business investments pay off
With ongoing investments in ecommerce, Reliance Retail expects better Ebitda margins. The company is enhancing dark stores to ensure quicker delivery times and adapting retail spaces to cater to online shoppers. Although recent reports indicate a decrease in net profit, digital commerce still surged by 42%. Jeyandran Venugopal, the chief executive, expresses assurance in maximizing current assets for growth while steering clear of extravagant competitor expenditures.
Indian Oil net profit triples YoY to 21,630 cr in Q2
Indian Oil experienced a remarkable surge in its net profit, which soared to ₹21,630 crore for the second quarter. This growth can be attributed to elevated pump prices and government subsidies for LPG sales. In contrast, the same quarter last year showcased a profit of only ₹7,610 crore. Moreover, operational revenue increased by 29%, reaching ₹2,62,935 crore, with the firm's operating profit from petroleum product sales more than doubling.
Varun Beverages Q3 net profit rises 13% YoY, but margins fall
Varun Beverages recorded a substantial net profit increase of 13.5% for the quarter ending September 2026. Although there was strong revenue growth attributed to both local and international sales, the company's shares dropped because of shrinking operating margins. Challenges arose from heightened packaging costs and sugar price surges affecting gross margins. Additionally, Varun Beverages solidified its partnership with PepsiCo, extending their licensing agreement through 2049.
Suzlon Energy cuts operating margin guidance to 15%
Suzlon Energy reported a 1.3% year-on-year increase in consolidated net profit to Rs 394 crore for the September quarter of FY27. Net profit in the year-ago quarter stood at Rs 389 crore, excluding a deferred tax benefit of Rs 891 crore that had taken reported profit to Rs 1,279 crore.
Reliance Retail Q2 Results: Revenue up 6%, but late festive season, digital spends hit profit
Reliance Retail Q2 Results: The company's gross revenue increased 6.4% YoY to Rs 91,716 crore in Q2FY27, compared with Rs 86,169 crore in the year-ago period. The growth came despite the absence of major festive occasions during the quarter, with the festive calendar shifting to the December quarter.
Reliance Industries Q2 Results: Profit shoots up 41% YoY to Rs 25,548 crore, revenue surges 29%
Reliance Industries Q2 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.
Record earnings! 5 big takeaways from RIL Q2 results investors should watch for Monday trading
Reliance Industries reported record Q2FY27 profit of Rs 29,550 crore and revenue of Rs 3.62 lakh crore, driven by strong refining margins and Jio growth. Retail profitability weakened, while declining debt improved the conglomerate's financial position.
Sun Pharma books Rs 346 crore Organon deal costs in Q2; profit falls 36%
Sun Pharmaceutical Industries experienced a significant decline in net profit during the September quarter of FY27. The company incurred acquisition-related costs of Rs 346.16 crore while preparing for the Organon acquisition. Revenue from operations increased by 11.9% compared to the same quarter last year. An important settlement of Rs 922.67 crore was reached concerning a litigation in the US. The transaction with Organon is expected to close in Q4 FY27.
RIL Q2 Results Preview: Profit outlook brightens as O2C business set to drive growth
Reliance Industries is expected to report 15-17% year-on-year growth in September-quarter EBITDA, driven by a sharp recovery in its oil-to-chemicals business. Brokerages expect stronger refining margins, higher throughput and a weaker rupee to offset subdued retail and oil and gas performance. Investors will track O2C profitability, Jio Platforms’ earnings and retail margins as RIL announces results.
Varun Beverages shares fall over 4% as Q3 margin pressure weighs despite a 33% YoY revenue growth
Varun Beverages reported strong Q3 CY2026 revenue, profit and volume growth, but its shares fell as higher packaging costs weighed on margins. EBITDA margin declined 140 basis points year-on-year, while the company announced an interim dividend of Rs 0.50 per share.
Brigade Group reports 29% growth in Q2 net profit at Rs 219 crore
Brigade Group reported a 29% year-on-year profit increase to ₹219 crore in Q2 FY27, despite lower revenue. Strong residential bookings, higher operating profit, robust leasing performance and hospitality growth supported earnings, while new project launches strengthened its development pipeline.
Blue Star strengthens leadership as Q2 revenue jumps 21%, margins tighten
Blue Star Ltd appointed Nithianand S and Senthil Thangam as key management personnel effective November 1, 2026. The company reported a 21% rise in consolidated revenue for the September quarter, indicating strong financial health. However, profitability remains under pressure due to rising material costs and a recent inability to pass these costs to customers. A focus on procurement savings and operational efficiencies is crucial for improving profitability.
Asian Paints says Middle East sales held strong even as 'full impact' of cost inflation was felt in Q2
Asian Paints reported a 29.5% increase in revenue from international operations for Q2 FY27. The company's Middle East operations showed strong performance despite geopolitical challenges affecting business. Net sales at the consolidated level rose by 16.9%, while profit margins experienced a slight decline. Persistent inflation led to staggered price increases in their decorative paints sector. Asian Paints aims to enhance cost-efficiency in response to ongoing market pressures.
Maruti Suzuki flags West Asia-linked commodity costs as margins come under pressure
Maruti Suzuki India achieved record quarterly sales in the September quarter despite facing profitability challenges. The company reported a significant decline in operating earnings due to increasing material costs and adverse foreign exchange movements. While domestic sales grew substantially, net profit also experienced a decline compared to the previous year. The firm's efforts to manage costs were not sufficient to offset the impacts of rising expenses.
Cipla Q2 net profit falls 35% to Rs 878 crore, revenue dips 2%
Cipla reported a 35% year-on-year decline in second-quarter net profit to Rs 878 crore, with revenue and EBITDA also falling amid weaker North American sales. India revenue grew 12%, while US regulatory approval and a biosimilar partnership supported its product pipeline.
Paytm’s Q2 profit jumps 10-fold to Rs 225 crore, revenue up 28%
Revenue growth was in line with brokerage estimates, but net profit fell short of expectations. Brokerages had projected operating revenue of Rs 2,575-2,641 crore, up 25-28% year-on-year, and net profit of Rs 271-279 crore for the second quarter of FY27. Paytm shares ended 2.7% higher at Rs 1,655 on the BSE on Monday. The results were announced after market hours.
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