Motilal Oswal Financial Services

Kalyan Jewellers reported strong consolidated revenue growth of 31% YoY to Rs 10,320 crore (estimate: Rs 9,870 crore), despite the shift of festive season into Q3 FY27.

Power demand grew 10-11% YoY in Q2 FY27, driven by higher agricultural and cooling demand, adds the brokerage.

Similar to Adani Ports' recent NQXT acquisition, Evos is also backed by a similar take-or-pay arrangement with most of the customers.

On the back of its healthy launch pipeline and positive consumer sentiment, M&M provided a strong outlook for FY27E across segments, believes the brokerage.

The brokerage remains constructive on growth in the jewelry industry, particularly among top players, and believe Titan will remain well-positioned competitively, supported by initiatives such as its exchange program.

For Samvat 2083, the brokerage is positive on BFSI and capital markets, manufacturing, global outsourcing, exports, and consumption and digital. Banks are set for steady loan growth with improving margins, while rising participation supports capital markets segment.

Redington is well positioned to capitalise on structural growth in technology distribution, supported by established original equipment manufacturer relationships, an extensive channel network and a diversified geographic presence, believes Motilal Oswal.

Following September-quarter earnings, domestic brokerage Motilal Oswal has maintained its ratings on all seven stocks across pharma, building material, retail, oil and gas sector including Mahanagar Gas, GSK Pharma, V2 Retail, Anant Raj, and more with uspide of up to 48%.

India revenue growth accelerated to 35% YoY driven by robust same-store sales growth and store additions, while Lenskart's international business delivered a strong quarter.

Motilal Oswal Financial Services has reviewed the second-quarter earnings of nine companies across the textile, FMCG, metals and EPC sector including Gopal Snacks, Arvind Fashions, Ventive Hospitality, ConCor, Prataap Snacks, and more

Motilal Oswal expects Himadri to deliver strong growth, driven by the scaling of its battery materials, specialty carbon black, CNT, and SSCB businesses, alongside the expansion of Birla Tyres.

BEL is also hopeful of a large order worth Rs 20,000 crore from next-generation corvettes, adds the brokerage.

ITC is still in the transitory phase, with the full tax hike yet to be passed on to consumers, thus, the brokerage believe Cigarette's revenue and EBIT performance will be volatile in the near term.

Earnings of the aforesaid 230 MOFSL Universe companies witnessed strong growth, demonstrating a broadbased outperformance across all key aggregates.

The brokerage raised its FY27E EBITDA and PAT by 8-10% and FY28 EBITDA and PAT by 4-7%, driven by improved profitability in the energy business and better margin delivery in Jio Platform.

Based on the share prices cited in the reports, Godrej Consumer Products offers the highest target-implied upside of approximately 25%, followed by Coal India at 14% and United Spirits at 7%.

Despite continued near-term headwinds from the Middle East airspace disruptions, high fuel costs, and INR depreciation, domestic brokerage firm Motilal Oswal remained confident in IndiGo's growth strategy, anchored by India's strong domestic demand base and steadily expanding international network.

Motilal Oswal believes Meesho's asset-light model with negative working capital and improving unit economics makes for a unique combination of a scaled platform business with a long runway for growth and potential margin inflection.

Adani Ports raised its FY27 revenue guidance by Rs 1,000 crore to Rs 44,000-46,000 crore and Ebitda guidance by Rs 1,000 crore to Rs 26,000-27,000 crore.

Motilal Oswal expects Q2 outperformance to continue, given its healthy new launch pipeline, which in turn is likely to help sustain TVS Motor's premium valuations.