Q1FY27 performance: Consolidated Revenues recorded 17.9% YoY growth to Rs.10,541.9cr. Decorative paints business volume growth stood at 9% in Q1FY27. Gross margins expanded 91bps YoY to 43.6% led by low-cost raw material inventory. EBITDA margins expanded 239bps YoY to 20.6% led by lower input cost, better mix and cost saving measures. EBITDA grew by 33.5% to Rs.2,168.8cr during the quarter. Strong operating performance coupled with higher other income led to 40.6% YoY...
: Piramal Pharma Limited (PPL) is part of the Piramal group of companies. The company operates in 3 major segments. Contract development and manufacturing organisations (CDMO) Complex hospital generics (critical care)...
stood at 696 crore, up 28% YoY, mainly on account of volume growth in antioxidants and other products, higher raw material costs which were passed through and rupee depreciation. GPM in the quarter came in at 46%, down ~640 bps YoY. EBITDA for the quarter stood at 170.5 crore, up 7% YoY translating...
Structural changes in the domestic energy's landscape are likely to keep volume growth muted: CIL reported a 4% YoY increase in coal production to 198 MT in Q1FY27, driven by steady thermal power demand in the quarter. While CIL is targeting 1 billion tonnes of annual coal production through the development of 117 mining projects with a cumulative capacity of 979 MT, backed by a capex of ~1.2 lakh crore. In addition, the company is enhancing its coal evacuation capabilities through first-mile connectivity projects, dedicated railway infrastructure, and greater...
Expect mid-teen rental income growth during FY27 and FY28: PML maintained strong consumption growth during Q1FY27 (up 32% YoY, Q4FY26 consumption grew 31% YoY) at 4,730 crore (up 21% YoY at 16,587 crore for FY26) driven by Fashion & Accessories (consumption growth of 24% YoY). Rental income grew 17% YoY during Q4FY26 was up 15% YoY (up ~8% QoQ). The management expects mid-teens growth in rental income during FY27 and FY28. PMC Pune and Bengaluru have seen rise in rental income by 13% YoY and 17% YoY respectively during Q1FY27....
Diversification across geography, product and revenue levers to aid sustained business momentum: Capri Global is well-positioned for sustained growth, targeting 50,000 crore AUM by FY28E, implying 2730% CAGR. Strategic expansion in South India across MSME, housing and gold loans will diversify footprint beyond North and West markets. Micro-LAP (introduced in 2023) is gaining early traction with strong momentum anticipated. Meanwhile, fee income streams like insurance distribution (73 crore in FY25), car loan origination (96 crore), and co-lending (165 crore) are scaling well with growing partner...
Present in speciality chemical domain though Aquapharm Chemicals Q 1F Y2 7 Result : PCBL reported robust results led by inventory gains given sharp up-move in brent crude prices during the quarter (US$ 97 in Q1FY27 vs. US$ 78 in Q4FY26). On the consolidated basis, net sales for Q1FY27 came in at 2,473 crore with carbon black sales volumes at 153.5 kt (flat YoY). EBITDA for the quarter came in at 396 crore with margins at 16%. PAT for Q1'27 stood at 155 crore vs. 94 crore in Q1'26. Reported EBITDA/tonne in carbon black space for the quarter stood...
KPIT continues its transition towards a more differentiated AI-led Products & Solutions model, with Beacon forming the underlying layer across offerings such as N-Dream, i-DART, Technica and Cymotive. Traction across AI-defined mobility, vehicle engineering, autonomous technologies, digital cockpit and after-sales remains encouraging. Q1 EBITDA margin was impacted by sudden revenue decline and lack of sufficient time for corresponding cost optimisation, however, management expects margins to improve successively every quarter, aided by revenue recovery, improving...
About the stock: Eicher Motors (EML) is the market leader in the >250 cc premium motorcycle segment (market share ~85%) through its aspirational models under the Royal Enfield (RE) brand, such as Bullet, Classic, Himalayan, Interceptor, etc. came in at 6,632 crore (up ~32% YoY) amid healthy Royal Enfield sales volume at 3.3 lakh units (up ~24% YoY). EBITDA in Q1FY27 came in at 1,591 crore with corresponding EBITDA margins at 24% (down ~90 bps QoQ). Resultant PAT for the quarter stood at 1,463 crore (up ~21% YoY). Share of profits from the VECV arm...
Premiumisation momentum accelerates; P&A portfolio continues to outperform: RKL's premiumisation strategy continues to deliver strong results, with P&A portfolio reporting 35.9% YoY volume growth to 5.2mn cases in Q1FY27, despite high base of 41% YoY growth in Q1FY26. Growth was led by Magic Moments Vodka, which recorded its highest-ever quarterly volumes of ~3.3mn cases (+43% YoY), accounting for ~41% of FY26 volumes in just Q1FY27, supported by flavour-led innovation and improving category adoption. Management highlighted that vodka's share of the Indian spirits market increased to 6.0% from 4.6% in Q1FY26. Other brands including...
Recent launches, new SKUs to drive numbers : Pfizer collectively addresses 15 therapy areas in the domestic formulations with a portfolio of more than 125 products that include therapeutics & vaccines. The company has been continuously restructuring its portfolio to...
volume print (down 14% YoY/ piping down 15% YoY) owing to sharp dip in PVC prices during April 2026. The same increases the ask rate for 9MFY27 (20-22% YoY/ pipes 25-28% YoY) considering management's FY27 guidance of 12-13% overall volume growth (15-17% YoY for piping). The implementation of the Minimum Import Price (MIP) and the removal of the import duty rebate from 16 June have helped stabilise PVC prices, normalise channel inventories, and drive channel restocking. However, due to high competitive intensity, softer demand and weak Q1FY27 volumes,...
Q1FY27 performance: City Union Bank reported another strong quarter, with PAT rising 25% YoY (6.4% QoQ) to 383 crore, supported by healthy business momentum and stable asset quality. Advances grew 25% YoY (1.5% QoQ) to 67,645 crore, led by sustained traction in MSME, gold loans and secured retail, while deposits increased 21% YoY (1.3% QoQ) to 79,342 crore, with average CASA growing 22% YoY. NII increased 31% YoY (4.4% QoQ) to 820 crore, aided by robust loan growth and stable lending yields, while NIM moderated 9 bps QoQ to 3.78% due to higher borrowing cost despite lower deposit cost. Other income remained largely flat YoY at 244 crore, impacted by lower fee income,...
Operational efficiencies to support EBITDA per ton improvement: Company's EBITDA/ton stood at Rs 918/ton (-11.9% YoY) in Q1FY27, led by flattish realisations and higher costs on YoY basis. However, company's profitability is expected to improve going ahead, driven by improvement in operational synergies from acquired assets and continued focus on costsaving measures. Management reiterated its target of reducing total cost/ton further by 130-150/ton to reach its target cost of ~4,250/ton by FY27E and further to ~4,000/ton by FY28E. This cost improvement would be supported by green energy share increase (~34% currently to 60% by FY28E), improved...
250.3 crore, up 34% YoY. Segment wise, Organic Chemicals (78% of revenues) were up 18% to 194 crore. Inorganic Chemicals (22% of revenues) grew 154% to 57 crore. GPM came in at 46.6% up ~100 bps YoY. EBITDA came in at 48.2 crore, up 53% YoY translating to margins of 19.3%, up ~240 bps YoY. Finance cost stood at 21 crore, up 64% YoY, driven by higher debt drawdown to fund ongoing CAPEX and increased working capital intensity. PAT for the quarter stood at 17 crore, up ~67%. Company delivered a resilient performance despite the temporary shutdown at its Dahej plant, supported by efficient utilization of...
Q1FY27 performance: L&T reported a steady Q1FY27 performance, with consolidated revenue increasing 7% YoY to 67,942 crore. EBITDA declined 3% YoY to 6,116 crore, while EBITDA margin contracted 90 bps YoY to 9.0%, impacted by execution challenges in the Water & Effluent Treatment business, supply-chain disruptions in the Solar business due to the West Asia conflict, an adverse revenue mix, higher credit provisions and forex-related headwinds in the Technology...
Q 1F Y2 7 performance : Revenue stood at US$145.2 mn (1,379.4 crore), up 0.3% QoQ/down 3% YoY in CC terms. Reported EBITDA margin came at 16.1%, down ~233 bps QoQ/up ~379 bps YoY. Reported PAT stood at 161 crore, down 8.5%...
Q1FY27 Product mix: Insecticides ~35%, Herbicides ~31%, PGR~6%, Fungicides~5%. Geography wise- India 87%, Exports- 13%. The company over the last few years has undertaken capex on the behalf of SCC Japan to cater to its innovative portfolio for global launches. Latest in this drive is recently announced plans in May 2025 and in January 2026 which cumulatively account for ~ 225 crore....
Retained guidance of better FY27 despite Q1 miss : Hindustan Unilever (HUL) is India's largest FMCG company with presence of more than 90 years. The company has portfolio of 50+ brands spanning across various categories such as detergents, personal wash and skin care & colour cosmetics. 80% of revenues come from products having leadership positioning in...
Liquid cooling fuels the next leg of growth : Aeroflex Industries Limited (AERIND), incorporated in 1993, is engaged in the business of manufacturing and supply of metallic flexible flow solutions made with stainless steel. Q 1F Y2 7 performance : Aeroflex Industries reported healthy Q1FY27 performance, with consolidated revenue from operations increasing 72.4% YoY to 145.4 crore. EBITDA grew 116.4% YoY to 33.5 crore, while EBITDA margin expanded 468 bps YoY to 23.0%. PAT surged 162.2% YoY to 18.8 crore, with PAT margin improving...
