Parag Milk Foods reported a 20.1% drop in Q1 net profit to Rs 22.1 crore, while revenue rose 10.9% to Rs 945 crore year-on-year.
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Parag Milk Foods reported a 20.1% drop in Q1 net profit to Rs 22.1 crore, while revenue rose 10.9% to Rs 945 crore year-on-year.
Jefferies cut its target price on Cummins India and lowered earnings estimates after commodity costs hurt margins, but retained its Buy rating as it expects pricing, data centres, distribution and indigenisation to support profitability.
Swiggy's Capital Markets Day unveiled a roadmap to Rs 10,000 crore EBITDA by FY31. Brokerages back the long-term vision, though execution remains the biggest challenge.
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The remarks were widely seen as a direct response to US President Donald Trump, who has repeatedly claimed that Washington and Tehran are engaged in negotiations while alternating this with threats of military action against Iran.
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Margins may have disappointed in the June quarter, but brokerages believe the bigger takeaway was management's commentary on growth.
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