HDFC Life, SBI Life — Preferred Stock By DRChoksey; Life Insurance Q1 Results Preview

DRChoksey maintains a positive view on HDFC Life and SBI Life, supported by their strong brand equity, diversified product portfolios, and consistent execution capabilities.

From a valuation standpoint, the sector continues to trade at a discount to historical levels.

(Source: Envato)

From a valuation standpoint, the sector continues to trade at a discount to historical levels. Average FY27E price/embedded value for our coverage universe stands at 1.9x.

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Deven Choksey Report

We maintain a positive view on HDFC Life and SBI Life, supported by their strong brand equity, diversified product portfolios, and consistent execution capabilities, which position them well to capture market share and drive sustainable long-term growth in an underpenetrated and evolving insurance landscape.

The Indian life insurance sector is expected to deliver a stable performance in Q1 FY26E, supported by a healthy uptick in both renewal and new business premiums. Growth will be driven by increased traction in non-par guaranteed products, new product launches, and digital expansion.

Digitally-led acquisition, particularly in tier-2 and tier-3 markets, will enhance reach and operational efficiency. While structural growth drivers remain intact, seasonal trends may affect margin expansion, with June performance playing a key role in shaping quarterly profitability.

Click on the attachment to read the full report:

Deven Choksey Research Life Insurance Sector Earnings Preview_Q1FY26E.pdf
Read Document

Also Read: TCS, Infosys, HCLTech, Coforge — Top Stock Picks By Motilal Oswal; IT Q1 Results Preview

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy your
Subscriber-Only benefits
Still Not convinced?  Know More
Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES