1. TBO Tek:

This online travel platform rose 8.8% in the past week following the announcement of its Q4FY25 and FY25 results. In Q4, the company’s revenue grew by 20.9% YoY to around Rs 450 crore, driven mainly by an improvement in its commission margin. Gross Transaction Value (GTV) rose 3.7%, though growth was slightly impacted by Ramadan-related seasonality in March 2025. Net profit increased 26% YoY during the quarter.

TBO Tek is a business-to-agent travel platform connecting global travel agents and operators with suppliers, offering hotels, flights, and ancillary services like transfers, sightseeing, and car rentals. For FY25, the company’s revenue rose 24.7%, while overall GTV grew 16.2%. EBITDA margin for the year declined by 105 bps to 17.5%, mainly due to higher other expenses from the addition of 60 sales employees.

TBO Tek’s hotel and ancillary services segment now contributes 79% of total revenue, up from 73% in FY24, while the airline business share has dropped from 25% to 19%. This shift indicates a move toward higher-margin segments but comes with the challenge of managing a larger, more complex supplier base.

In FY25, the company’s international GTV grew 43%, with Europe as its largest source market, contributing 36% of hotel GMV. The Middle East, Africa, and American markets also saw strong growth. Co-founder and Joint MD Gaurav Bhatnagar said, “We expanded into 15 new countries this year and plan to enter 20 more in FY26. Despite global uncertainties, we’re optimistic about the year ahead, as our growth comes from entering new markets and serving small, previously underserved travel agents.” To support this momentum, TBO plans to add over 100 global salespeople in Q1FY26.

The company also plans to cross-sell hotels to its large base of air-ticketing agents. Currently, only 37% of airline agents also book hotels or other services. Bhatnagar sees this as a major opportunity to grow sales in FY26. The goal is to boost revenue per agent by bundling hotel stays with other services.

Post results, Anand Rathi has given TBO a ‘Buy’ rating, expecting growth to pick up from Q1FY26 due to last year’s low base affected by Ramadan. However, they foresee short-term margin pressures as the company invests in expanding its sales team across new markets. They expect its revenue and net profit to grow by 23.3% each in FY26-27.

2. Devyani International:

This restaurants chain has fallen by  7% over the past week after announcing its Q4 and FY25 results on May 23. Devyani International’s net loss widened to Rs 14.7 crore from Rs 7.4 crore YoY, mainly due to higher employee costs and rising food ingredient prices, like cheese and palm oil. Devyani features in a screener of companies with declining profits every quarter for the past three quarters.

During the quarter, revenue was up 15.8% YoY to Rs 1,212.6 crore, but missed Forecaster estimates by 2.5%. The management said that demand stayed weak through Q4, but remains optimistic that recent tax relief will boost consumption. To tap this, they’re expanding their store network and focusing on food courts and high-traffic spots like airports. Manish Dawar, the CFO, said, “We’re planning to offer better deals and discounts across all our brands starting this quarter to attract more customers. Past pricing and promotions weren’t as competitive and hurt sales. By focusing on value-driven offerings, we aim to improve footfall and boost sales.”

For FY25, Devyani’s revenue increased 39.2% YoY to Rs 4,951.1 crore, driven by store additions. The company’s total stores reached 2,039 across geographies, including India, Nigeria, Nepal, and Thailand. EBITDA margins stood at 17%. 

Among major brands that Devyani operates, KFC reported a decline in same-store sales growth (SSSG), down 6.1%, mainly due to an outbreak of bird flu in Andhra Pradesh and Telangana.  However, sales are reportedly picking up in these regions. During the quarter, Pizza Hut's same-store sales grew 1% amid a weak demand environment. 

Meanwhile, in April, the company entered the high-growth Indian cuisine market by acquiring an 80.7% stake in Sky Gate Hospitality, which houses brands like Biryani By Kilo, Goila Butter Chicken, and The Bhojan, with 100+ stores in more than 40 cities. 

Citi has maintained its ‘Buy’ stance on Devyani International with a Rs 209 target price. The brokerage notes the company’s strong store economics and presence across cuisines. It believes Devyani is well-positioned to capitalise on the structural tailwinds of increasing eating out/ordering-in frequency, urbanisation, and shift from unorganised players. It’s worth keeping in mind however, that Devyani is cutting prices to draw customers in a highly competitive space, and the Indian cuisine market is similarly cut-throat. 

3. JK Cement:

This cement company surged 8% over the past week after announcing its results. The firm reported a 3% revenue growth and a 9% net profit growth in FY25. Both revenue and net profit beat Forecaster estimates by a wide margin. The company appears in a screener of stocks where FIIs raised their stake in the last quarter.

JK Cement gets 89% of its revenue from grey cement, while the remaining comes from white cement and allied products. Despite a slowdown in government spending during the first half of FY25 due to elections, the company managed to post 5% volume growth for the year. Volumes ramped up in Q3 and saw strong traction in Q4, supported by capacity additions and robust rural demand. Looking ahead, management expects a 10% increase in volume for FY26, partly from new plant commissions, outpacing the industry’s estimated 7–8%.

The company reported an EBITDA margin of 17.1% in FY25 and aims to improve it to 19-20% over the next two years through cost optimisation and better pricing. On pricing trends, Deputy Managing Director and CFO Ajay Kumar Saraogi said, “Post March, prices have increased by around 1% in North and Central India, and 5–7% in the South.” The firm achieved Rs 75/tonne in cost savings this year, primarily from logistics and energy, against a two-year target of Rs 150–200/tonne.

On the capex front, JK Cement continues to invest aggressively in expansion. Saraogi said, “We are doing a brownfield expansion at Panna (in Madhya Pradesh) and a greenfield grinding unit in Bihar of 6 million tons. We aim to complete it by December or January.” He added that FY26 capex is expected to remain in a similar range to this year's, which is Rs 1,800 crore to Rs 2,000 crore.

Motilal Oswal maintains its ‘Buy’ rating on JK Cement, citing consistent capacity additions, strong volume growth, and a clear cost-saving roadmap. The brokerage expects the firm to post a revenue and net profit CAGR of 15% and 31%, respectively, over FY26-27.

4. UNO Minda:

This auto parts manufacturer rose 3% on May 22 after announcing its Q4FY25 results. Its revenue grew 19.3% YoY to Rs 4,536 crore, beating the Forecaster estimates by 2%. However, its net profit fell 7.9% YoY to 266.2 crore due to a one-time exceptional income of Rs 20 crore in the previous quarter. 

Strong demand across key segments drove revenue growth, supported by volume gains in two-wheeler and passenger vehicles, ramp-up at new EV joint ventures, and contributions from recent acquisitions like Uno Minda Onkyo and Westport. Switching and lighting, which make up nearly half of total revenue, grew 19% and 5% respectively. Growth in switching was led by premiumisation and higher-value parts.

Uno Minda’s FY25 revenue rose 19.5% to Rs 16,803.9 crore, driven by growth across key segments, its EV portfolio expansion, and order wins across product segments. Net profit grew 7% to Rs 943 crore, but margins declined due to higher costs from new project ramp-ups and increased employee and R&D expenses. The company targets revenue growth of 1.5 to 2 times the industry average in FY26, from new product launches, original equipment manufacturer order wins, and capacity expansions across lighting, sunroofs, and alloy wheels.

Sunil Bohra, Group CFO of the company, said, “In FY26, we plan to incur a total capital expenditure of approximately Rs 1,300 crore comprising around Rs 500 crore in sustaining capex and around Rs 800 crore in growth-oriented capex.” Additionally, they plan to spend Rs 250 crore on land and Rs 200 crore to acquire the remaining 49.9% stake in its joint-venture with FRIWO, making it a wholly owned subsidiary.

The growth capex will support expansion across key areas. This includes increasing alloy wheel capacity in Supa and Bawal, setting up new facilities for EV components, 4W switches, traction motors (in partnership with Buehler Motor), airbags, and lighting systems in Pune and Kharkhoda. The company is also investing in a sunroof unit in Bawal and expanding operations in Indonesia and Hosur.

Post results, Aditya Birla Capital assigned a ‘Buy’ rating and raised the price target to Rs 1,165 from Rs 1,010. It expects the company’s revenue, EBITDA, and net profit to grow at a CAGR of 19%, 21%, and 25%, respectively, over FY25-28.

5. Doms Industries:

This commodity printing & stationary company declined 4.2% over the past week after announcing its results. The firm reported a 25.4% growth in revenue with net profit growth of 7.2% in Q4FY25. It missed the Trendlyne forecaster’s net profit estimate by 3.4% due to flat growth in its core stationary business and increased amortization expenses related to its newly acquired brand, ‘Uniclan’. The company appears in a screener of stocks where mutual funds have raised their stake in the past month.

In September 2024 the company acquired a 51.7% stake in ‘Uniclan Healthcare’ for Rs 54.8 crore to enter into the baby hygiene segment. For Q4 the hygiene segment of the company contributed 9.4% of the net sales and revenue of Rs 48.1 crore. However, with the acquisition of ‘Uniclan’, the working capital days increased for the company. Rahul Shah, CFO of the company, said, “Working capital is currently around 60 days due to increased debtors from rising market demand and the Uniclan acquisition. We anticipate this will drop to 55 days with operational growth and full Uniclan integration.”

The company’s management highlighted that it plans to invest around Rs 250 crore for the expansion of the Umbergaon plant. It notes that the construction has started and its first building is expected to be ready by Q3FY26. Mr. Shah, speaking on the future guidance added, “ In terms of core business, including now Uniclan, we're expecting close to 18% to 20% revenue growth in FY26 and we'd like to be always a little conservative. I think once we increase our capacity for pencils from 5.5 million to 8 million, we are optimistic that we'll be able to achieve that growth in sales.”

Prabhudas Liladhar has maintained a ‘Buy’ rating on DOMS, but has reduced its FY26 & FY27 EPS estimates by 12% & 7%, respectively as it re-aligned its top-line assumptions amid signs of growth fatigue in the core stationary business. The brokerage believes that phased expansion in capacities for pens, pencils, mathematical boxes, and paper stationary products will drive growth in the interim. It has maintained the target price of Rs 3,087.

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.