By Trendlyne AnalysisThis gems and jewellery major has seen a 7.8% increase in its share price over the past week. The rise is due to its Q4FY25 results, in which it reported an 18.8% YoY growth in revenue to Rs 15,032 crore, helped by higher sales across segments. Net profit grew 13% YoY to Rs 871 crore, driven by inventory destocking.
For the full year, Titan’s revenue was up 18.4% YoY at Rs 60,456 crore, beating Trendlyne’s Forecaster estimates by 3.4%. However, net profit declined 4.6% to Rs 3,337 crore, due to higher raw material, employee benefits, depreciation, and advertising expenses.
In Q4, the jewellery segment (which contributes over 88% to the total revenue) rose 25% YoY, driven by growth in ticket size. Meanwhile, Titan’s watches and wearables segment grew 20%, led by improved domestic analogue watch sales and strong growth in the Helios retail channel.
Gold prices have surged around 35% YoY in FY25, prompting consumers to rethink jewellery purchases. Commenting on this, Ajoy Chawla, the CEO of the jewellery division, said, “Sentiment has weakened, especially in the sub-Rs 50,000 range, as more products move above that mark. I think more and more customers are going to be open to lower caratage as they adjust to higher prices.”
Amid surging gold prices, consumers are opting for lightweight and lower carat jewellery (14K, 18K), with CaratLane launching 9K (9 carat gold is 37.5% pure gold, combined with metals like silver, copper, and zinc) pieces to attract value-focused buyers. Titan expects strong growth in its jewellery division, targeting 15–20% revenue growth in FY26. Tailwinds like more wedding dates and income-tax cuts are also expected to support demand.
The company added 72 stores on a net basis during the quarter, taking its retail store count to 3,312. Titan holds an 8% market share in the Indian jewellery market and has been working on expanding its retail footprint.
JM Financial hasupgraded its rating on Titan to ‘Buy’ and set a higher target price of Rs 3,725. The brokerage believes the rise in gold prices has shifted consumer preference toward lower carat, lightweight jewellery with relatively lower making charges. A correction in gold prices could revive demand and support margin improvement.
This paints company has risen 7% in the past week after announcing its Q4FY25 results. Its revenue grew 7.3% YoY to Rs 2,720 crore, driven by strong performance in the decorative segment. It outperformed key rivals in revenue growth, with Asian Paints reporting a 4.3% decline and Kansai Nerolac posting just 2.7% growth. The company saw a 7.4% increase in sales volume and a 190 bps YoY rise in EBITDA margin, as strong demand for premium paints and lower raw material costs helped offset the impact of last year’s price cuts.
For the full year, Berger Paints' revenue grew 3.1%, and net profit rose 1.1%, surpassing Forecaster estimates. The company gained market share, increasing from 19.5% in FY24 to 20.3% in FY25. MD & CEO Abhijit Roy highlighted that the fading impact of past price cuts is expected to narrow the gap between volume and value growth, supporting stronger value growth going forward.
Speaking on expansion plans, Roy said, “We have a capex plan of around Rs 850 crore over the next two years. About Rs 400 crore will go towards commissioning our Hindupuram plant and phase-1 of the Panagar operations (new paint manufacturing facility) in FY26. Another Rs 250 to 350 crore is expected to be spent in FY27.”
The company appears in a screener of stocks that benefit from lower crude oil prices. It rose 1.9% on May 5 after crude prices dropped nearly 4% on oversupply concerns following OPEC+’s production hike. Despite falling oil prices, the management isn’t in favour of price cuts, as rutile prices (a mineral used in paint pigments) are expected to rise due to the government’s new anti-dumping duty.
Over the past year, Berger Paints' stock has risen 18.8%, outperforming its industry and the Nifty 50 index. The company's 5-year average P/E and forward P/E suggest the stock is undervalued. Its current price-to-earnings (PE) ratio of 56.5 is well below its 5-year average of 75.4. Based on analyst estimates, its forward PE is 58, suggesting potential for further upside.
Post results, Dolat Capital assigned an ‘Accumulate’ rating with a target price of Rs 616. The brokerage expects Berger’s revenue to grow 11.4% over FY26–27, supported by a rebound in demand. This recovery will likely be driven by higher disposable incomes, easing inflation, and an above-average monsoon.
This fertilizers company surged 7.6% over the past week after its subsidiary, Coromandel Chemicals, entered into a joint venture with Sakarni Plaster to manufacture and market green building materials using phospho gypsum. The stock has been hitting new highs following its inclusion in MSCI’s Global Standard Index as part of the May 2025 review. Due to this inclusion, IIFL Alternate Research and JM Financial estimate passive inflows of over Rs 1,800 crore.
In FY25, Coromandel reported a 10% YoY increase in revenue and 26% net profit growth, surpassing Forecaster estimates. This performance was aided by 15% volume growth and a decline in raw material costs. The company gets around 5% of its revenue from exports, mainly in the crop protection segment.
Although margins per tonne of fertiliser produced dipped marginally this year to Rs 4,150, Coromandel has maintained its FY26 guidance of Rs 5,000. To achieve this, the company is focusing on backward integration to ease supply bottlenecks. As part of this strategy, it acquired a majority stake in Baobab Mining and Chemicals Corporation in Senegal, which supplies rock phosphate and is expected to meet one-third of the company’s requirements.
Coromandel is scaling up its Nano DAP product, which can reduce the per acre usage of traditional DAP (a fertiliser) by half when mixed with one litre of Nano DAP. The company aims to increase sales of Nano DAP bottles 15-fold over the next 2–3 years, banking on rising domestic acceptance and export opportunities.
Commenting on the outlook for FY26, MD & CEO Sankarasubramanian S said, “Our turnover for the next year can be on the high double-digit side, supported by a healthy profit margin, with the changing portfolio towards high-margin products.”
Motilal Oswal maintains its ‘Buy’ rating on Coromandel and projects revenue growth of 12% and net profit growth of 23% in FY26, supported by stable agrochemical prices, improved inventory levels, and favourable weather across key regions. The brokerage also expects margins to improve over the next 2–3 years, driven by backward integration, higher demand, product innovation, and a strategic shift toward high-margin offerings in the crop protection segment.
This bank rose 13% over the past week after announcing its Q4FY25 results. During the quarter, the company’s net profit grew 28.3% YoY to Rs 5,070 crore and revenue increased 7.6%, driven by lower provisions and higher other income. The bank appears in a screener of stocks with decreasing provisions.
Revenue rose 9.6% in FY25, and profit increased 14.8%, exceeding Forecaster estimates. Despite the rising profit, the net interest margin (NIM) contracted by 25 bps YoY to 2.8% in Q4, led by higher deposit costs and a decline in net interest income (NII).
Canara Bank’s loan-to-deposit ratio (LDR) improved by 47 bps YoY to 73.6% in Q4FY25 as deposit growth outpaced loan growth. Loans grew 11%, driven by housing and vehicle loan growth. The bank also improved its asset quality by reducing the non-performing assets (NPA) ratio by 57 bps to 0.7% in FY25, driven by lower slippages and higher loan recoveries.
The company’s retail loan book increased 42.8% YoY, driven by a rise in retail gold loans from metropolitan customers after the bank discontinued agriculture gold loans. In April 2024, the RBI mandated that banks reclassify agriculture gold loans as retail gold loans.
The bank’s decision to reduce its lending rate by 10 bps across home, personal, and auto loans, effective May 12, also drove the stock price higher.
During the Q4 earnings call, Satyanarayana Raju, MD & CEO, outlined the growth roadmap for FY26. He said, “We are targeting 10–11% loan growth and 9–10% deposit growth in FY26. We aim to reduce gross NPAs to 2.5% and grow the retail gold loan portfolio to Rs 70,000 crore by the end of FY26, up from the current Rs 48,000 crore.”
Post results, Emkay Global retains its ‘Buy’ rating on the bank. The broker expects stronger treasury gains and lower provisions to drive an ROA of 0.9–1.1% over FY27–28.
This IT consulting & software company rose over 8% in the past week due to the free-trade agreement between India and the UK. On May 14, Mercedes-Benz Research and Development India selected the company for Vehicle Software Engineering and Software-Defined Vehicles (SDV) development.
The company announced its Q4FY25 and full-year results on April 17. It reported a 12.5% YoY decline in net profit for Q4FY25, reaching Rs 172.4 crore, due to a rise in raw material and employee benefit expenses. Its revenue rose by 1.3% YoY and beat Forecaster's estimate by 3.9% due to strong growth in the domestic business. Tata Elxsi appears in a screener of stocks where mutual funds have increased shareholding in the past month.
In FY25, the company saw a decline in revenue from the US, while contributions from India and other global markets grew. Manoj Raghavan, MD and CEO, Tata Elxsi, regarding this said, “We have been investing and actually building relationships in the emerging markets over more than 4-6 quarters. This is not a knee jerk reaction; it is part of a well planned strategy. Our focus on exploring new markets has proven valuable in navigating the current challenges in both the US and Europe.”
ICICI Securities upgraded Tata Elxsi to a ‘Reduce’ rating with a target price of Rs 4,250. The brokerage notes that while new deals offer short-term relief, structural and macroeconomic challenges persist amid tariff-related uncertainties. It expects margins to recover as growth rebounds in Q1FY26, with the onsite-offshore mix and contract structures (fixed price, time, and material) likely to remain stable.
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