New Research Reports

ease and festive demand kicks in. Margin trajectory should improve in H2FY26, supported by stable commodity prices, normalization of pricing actions, and scaling of premium launches. The company's innovation pipeline, including Dr. Wool and Ujala Young & Fresh, along with strong...

Consolidated revenue rose 31% YoY (normalized growth 12% excluding Golden Star & U.S. tariff) to Rs. 2,766cr. North America (~46% revenue mix), grew 47% YoY (16% normalized ), followed by India (30% mix) grew 13% YoY, Europe surged...

while domestic consumption and premiumization trends provide a strong growth runway. TTK is expanding capacity, talent, and distribution, targeting ~1,000 Xclusive stores and leveraging the Judge brand for mass portfolio. We value TTK at...

We maintain our BUY rating on the stock.

Despite the increased operating costs impacting profitability, ZEEL remains *over or under performance to benchmark index optimistic about the future, as the costs are expected to stabilise. It hopes to capitalise on increased advertising and subscription revenue across segments, which should drive the performance. The recent GST rationalization is expected to give rise to positive trends, prompting advertisers and consumers to increase their spending. ZEEL trades at a 39% discount to its 5-year average forward P/E, presenting an attractive entry point. Despite an increase in the number of...

Transformers and Rectifiers India Limited (TARIL) has a wide range of transformers, like Power & Distribution Transformers, Furnace Transformers, Rectifier Transformers & Special Transformers. Company has strong in-house design & technical expertise, along with...

The promoters and management teams of Devyani International (DIL) and Sapphire Foods (SFIL) jointly held an investor call, to explain the deal contours, potential merger synergies, and planned growth investments.

We recommend a BUY on the stock with a target price of Rs 4,140/share, implying an upside of 10% from the CMP.

Devyani International (DIL) and Sapphire Foods India (SAPPHIRE) have approved a scheme of arrangement for the merger of SAPPHIRE into DIL. The transaction consolidates Yum! Brands’ India operations under a single listed entity.

We upgrade LatentView Analytics (LATENTVI) to BUY (from Add) with a revised TP of INR 560 (vs. INR 480) on an unchanged P/E of 38x FY28E EPS of INR 14.9 (roll-forward by two quarters).

Expanding Films segment to create volatile growth by RPSG Group with ~1.75+ lacs songs, which is monetized over various formats such as digitals (streaming, YouTube), physical (Carvaan) and television. Apart from music, it is also into TV serials /(Tamil), creates regional films as well as web series for OTT platforms through Yoodlee Films/Filtercopy...

We recommend a BUY with a target price of Rs 1,417, implying an upside of ~10% from the CMP.

Strong pedigree in oleo chemistry additives to the fore: The company's expertise centres on oleo chemistry (plant based green chemicals) which provides both demand tailwinds and product differentiation versus petrochemical alternatives. FOIL enjoys early mover advantage in these segments as the world is still on the learning curve with regards to the adoption of green additives. Globally, there are only handful of transnational players in these categories. The company enjoys almost monopoly in India. Specialised nature of the business, customer stickiness...

We expect the near-term outlook to remain subdued due to continued delays in JJM project payments and challenges in working capital management. However, the strong order book and healthy traction in new project awards provide good revenue visibility. We project a revenue CAGR of 9% over FY25FY27, with a meaningful recovery expected from H2FY26. We maintain BUY rating and value NCC at 11x...

Apollo Tyres Ltd manufactures tyres and tubes for cars, trucks, farm equipment and light commercial vehicles under two global brands, Apollo and Vredestein, sold in the Asia-Pacific, Middle East and Africa, and Europe....

Zydus Wellness is a diversified health and nutrition company (~INR40bn revenue) with leadership in several consumer wellness categories. The company’s core portfolio consists of sugar substitutes (Sugar Free), glucose powders (Glucon-D), skincare (Everyuth), functional foods (Nutralite), prickly-heat powder (Nycil), and nutritional beverages (Complan).

KFintech remains a dominant, cash-generative market infrastructure platform with leadership across domestic MF investor solutions and issuer services, underpinned by deep AMC relationships (~54% of AMCs; ~32% industry AAUM), strong annuity visibility and consistently high mandate win rates.

With basic needs in rural India being fulfilled through government initiatives, such as free food schemes and cash handouts for women, disposable incomes have risen, driving growth in aspirational spends that benefits value fashion retailers.