Category: Corporate

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Corporate

Tata Consumer Q3 profit jumps 38% to ₹385 cr

Tata Consumer Products Limited (TCPL), the Tata Group’s flagship consumer goods company, reported a strong third-quarter performance for December 2025, with net profit rising 38% year-on-year to ₹385 crore from ₹279 crore in the same period last year.

Revenue from operations grew about 15% to ₹5,112 crore, compared with ₹4,444 crore a year ago, reflecting healthy consumer demand across beverages and foods segments. The company said volume-led growth in key product categories drove the topline expansion.

The beverages portfolio, which includes tea, coffee, and ready-to-drink (RTD) beverages, performed particularly well. Coffee sales surged around 40%, while RTD products saw a 26% increase, marking the second consecutive quarter of double-digit growth. Tata Consumer’s tea segment also maintained steady growth across both domestic and international markets.

The foods business, including Tata Sampann staples like salt and pulses, also showed robust growth. New product launches and continued innovation in the portfolio helped sustain demand, with key categories recording double-digit expansion.

On the cost front, expenses rose moderately, but operating margins improved, supported by better efficiency and scale advantages. Earnings before interest, tax, depreciation, and amortization (EBITDA) saw a healthy increase, reflecting strong operational performance.

International operations contributed positively as well. Markets such as the U.S. and Canada showed strong growth in coffee, helping branded revenues outside India.

While the quarterly results highlight resilient demand and effective execution of growth strategies, some investors remained cautious, leading to mixed market reactions after the earnings announcement.

Also Read: Asian Paints Q3 profit ₹1,060 cr, shares drop 7%

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Corporate

Asian Paints Q3 profit ₹1,060 cr, shares drop 7%

Shares of Asian Paints tumbled nearly 7% on January 28 after the company reported Q3 net profit of ₹1,060 crore, down 5% YoY, and revenue of ₹8,867 crore, up just 4% YoY. Slower-than-expected demand, a short festive season, and extended monsoon rains hit decorative paint sales.

Brokerages reacted cautiously. Motilal Oswal called the quarter “lacklustre,” warning that recovery in decorative paint demand may be delayed. EBITDA margin guidance remains 18–20%, but earnings forecasts were slightly trimmed.

JM Financial noted decorative paint volume growth at 7.9% and value growth at 2.8%, below expectations, while Citi highlighted ongoing competitive pressures, maintaining a Sell rating.

Despite expectations of mid-single-digit growth ahead, analysts say the gap between volume and value growth may persist. Weak Q3 results and cautious guidance sent the stock to its lowest since October 2025, signaling that India’s paint market recovery may take longer than expected.

Also Read: Adani, Embraer join hands to make aircraft in India

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Corporate

Adani, Embraer join hands to make aircraft in India

Adani Defence & Aerospace has joined hands with Brazil’s Embraer, one of the world’s leading aircraft manufacturers, to explore the establishment of an aircraft manufacturing facility and regional transport aircraft ecosystem in India. The Memorandum of Understanding (MoU), announced on January 27, 2026, marks a strategic push to strengthen domestic aviation production capabilities and reduce dependence on imports.

The collaboration plans to set up a Final Assembly Line (FAL), India’s first commercial aircraft assembly unit, where regional transport aircraft will be locally assembled. While the investment size and exact location are yet to be disclosed, both companies are working on plans to create an integrated aerospace ecosystem encompassing supply chain development, aircraft maintenance, pilot training, and aftermarket services.

The partnership aligns with the Indian government’s Aatmanirbhar Bharat initiative, emphasizing progressive indigenisation of components. Over time, the facility aims to produce more aircraft parts locally, strengthening India’s position as a regional hub for aerospace manufacturing. Industry experts expect this move to generate skilled employment, promote technology transfer, and support India’s growing civil aviation market, projected to be among the fastest-growing globally.

Jeet Adani, Director of Adani Defence & Aerospace, described the MoU as a “significant entry into aircraft manufacturing”, leveraging Embraer’s technical expertise in regional jets seating 70–140 passengers and Adani’s extensive aviation and logistics infrastructure. Analysts note that combining Embraer’s engineering strength with Adani’s operational footprint could accelerate India’s aircraft production capacity while supporting regional connectivity under the government’s UDAN scheme.

The agreement also signals deepening India-Brazil aerospace cooperation, reflecting growing global interest in India’s civil aviation sector. By developing a domestic assembly line for regional aircraft, India is expected to reduce import dependency, attract further foreign investment in aerospace, and position itself as a strategic player in the global aircraft manufacturing ecosystem.

Also Read: Adani shares jump 6% after legal clarity

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Corporate

Sensex up 300+ points, Nifty crosses 25,250

Today as the markets opened, BSE Sensex rose over 300 points, while the Nifty 50 moved above the 25,250 level, reflecting improved investor sentiment.

Buying interest was seen mainly in banking, energy, and metal stocks, which helped lift the indices. Heavyweights such as Axis Bank and Reliance Industries supported the uptrend, while metal stocks gained on expectations of stable global demand. The broader market also showed strength, with select mid-cap and small-cap stocks trading in the green.

Among individual stocks, Vodafone Idea was in focus as investors reacted to developments around its financial performance and business outlook. Vedanta and related stocks also saw active trading following updates linked to stake sale plans. Energy stocks such as ONGC gained amid firm crude oil prices.

However, the rally was capped by weakness in parts of the FMCG and auto sectors, where some stocks witnessed profit-booking after recent gains. Asian Paints, Tata Consumer Products, Maruti Suzuki, Eicher Motors, and Bajaj Auto traded lower, weighing slightly on the benchmarks.

Market participants remain cautious ahead of global cues, including movements in overseas markets and commodity prices. Analysts said near-term direction will depend on global trends, corporate earnings updates, and stock-specific news, while overall sentiment continues to remain positive.

Also Read: Ajit Pawar killed in plane crash

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Corporate

PVR INOX sells 4700BC to Marico for ₹226.8 cr

India’s biggest cinema chain, PVR INOX, has sold its premium snack brand 4700BC to FMCG company Marico Ltd for ₹226.8 crore. The deal is entirely in cash and marks a new phase for the popular snacking brand.

Under the agreement, Marico will buy 93.27% stake held by PVR INOX in Zea Maize Private Limited, the company that owns 4700BC. After the deal is completed, Zea Maize will no longer be part of the PVR INOX group.

The 4700BC brand started inside PVR cinemas, where it became known for gourmet popcorn sold at movie theatres. Over time, the brand moved beyond cinema halls and became available in supermarkets, online stores and quick-commerce platforms. Its product range now includes flavoured popcorn, popped chips, makhana, crunchy corn and nachos, and it has built a loyal customer base, especially in cities.

PVR INOX said the decision to sell the brand is part of its plan to focus on its main business of running cinemas. By selling a non-core business, the company aims to strengthen its finances, improve cash flow and invest more in its theatre operations. The company also clarified that the deal will not affect food and beverage sales inside cinemas, which remain an important part of its business.

PVR INOX Managing Director Ajay Bijli said the company is proud to have helped grow 4700BC from a small idea into a well-known snack brand. He added that the brand is now ready to grow faster under a company that specialises in consumer goods.

For Marico, the acquisition fits its strategy of expanding into fast-growing food and snacking categories. Known for brands like Saffola, Parachute and Livon, Marico plans to use its strong distribution network, marketing expertise and product innovation to take 4700BC to more homes across India.

Also Read: FTA to lift luxury cars, says BMW CEO

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Corporate

Adani shares jump 6% after legal clarity

Adani Group shares made a strong comeback on Tuesday, January 27, after last week’s steep losses rattled investors. Key companies in the group, including Adani Enterprises, Adani Ports, and Adani Green Energy, rose by up to 6% during trading, regaining some of the value lost during a sudden market slump.

The recovery followed a regulatory update from Adani Enterprises, which clarified its position regarding US legal proceedings that had caused investor concern. The company emphasized that it has not been accused of any wrongdoing and is not involved in the case highlighted in recent media reports. It reassured stock exchanges that the matter does not require disclosure under Indian listing rules.

This statement helped calm nerves after speculation grew around a US Securities and Exchange Commission (SEC) case involving Gautam Adani and his nephew, Sagar Adani. The SEC had been seeking alternative ways to serve legal notices in a civil case alleging fraud. The Adani Group has consistently denied any wrongdoing, stating that it will defend itself in court.

Investors responded positively to this clarification, pushing shares higher and partially restoring the market value wiped out in the previous sell-off. Analysts, however, caution that while Tuesday’s gains bring some relief, it remains uncertain whether this momentum will last, given ongoing legal uncertainties and market volatility.

Broader Indian markets also ended the day on a positive note, with the Nifty 50 and BSE Sensex gaining amid strong corporate earnings and sectoral strength. The rebound in Adani stocks was among the most notable movements, highlighting how investor sentiment can swing sharply on news and clarifications.

Also Read: Sensex climbs 320 points, Nifty tops 25,150

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Corporate

Sensex climbs 320 points, Nifty tops 25,150

Markets rebounded strongly on Tuesday, 27 January 2026, the BSE Sensex ended over 320 points higher, while the Nifty 50 climbed above 25,150, boosted by upbeat domestic earnings and positive global cues. Investors drew confidence from the landmark India–European Union free trade agreement (FTA), expected to enhance exports across sectors like pharmaceuticals, textiles, and chemicals.

Gainers led the rally, with Axis Bank surging nearly 5%, supported by renewed buying interest in banking stocks. Tata Consumer Products impressed with a 38% year-on-year jump in quarterly profit and 15% revenue growth, attracting strong investor sentiment. Other financials and select FMCG names also added to the market’s momentum.

In contrast, losers moderated the overall gains. Asian Paints fell after reporting a slowdown in quarterly profits, raising caution among investors. Telecom stocks, particularly Vodafone Idea, remained under pressure despite a mixed earnings season. Some defensive and cyclical sectors saw muted participation as traders focused on high-growth and export-sensitive companies.

Global markets also influenced trading. Wall Street posted gains following expectations of steady corporate earnings and a cautious U.S. Federal Reserve stance on interest rates. Asian equities traded mixed, reflecting ongoing macro uncertainties and trade-related concerns.

Commodity markets reflected selective strength. Copper and zinc futures edged higher on improved demand expectations, though broader investor sentiment remained cautious ahead of major domestic earnings announcements.

Market participants said the coming sessions will likely remain sensitive to corporate results from BSE-listed companies and any new developments in international trade and monetary policies. Analysts believe sustained gains will depend on continued investor optimism around the India-EU FTA and domestic economic stability.

Also Read: Sensex slides over 250 points, Nifty breaches 25,000

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Corporate

China’s Anta Sports invests in Puma for $1.8 bn

China’s leading sportswear company Anta Sports Products has taken a significant step onto the global stage by agreeing to buy a 29.1% stake in German sports brand Puma in a deal worth around $1.8 billion (€1.5 billion). The shares are being acquired from Artemis, the investment firm of the Pinault family, which has been a long-time major shareholder in Puma.

The deal will make Anta Puma’s largest shareholder, though the Chinese company has clarified that it does not plan a full takeover at this stage. Anta will pay €35 per share in cash, offering a substantial premium over Puma’s recent market price,  a sign of strong belief in the brand’s long-term value.

For Anta, the investment is part of a broader strategy to expand its international presence. The company already manages several well-known global brands, including Fila in China, outdoor label Jack Wolfskin, and sports names such as Salomon and Wilson through its stake in Amer Sports. Adding Puma to this portfolio strengthens Anta’s position as a major global player in the sporting goods industry.

For Puma, the move comes at a crucial time. The German brand has been facing slower sales growth and stiff competition from rivals like Nike and Adidas. While Puma has been working on a turnaround under new leadership, recent performance pressures have weighed on its market confidence. The entry of Anta as a strategic shareholder could provide both stability and new growth opportunities, especially in Asian markets.

The transaction is still subject to regulatory and antitrust approvals and is expected to be completed by the end of 2026. If cleared, the partnership could reshape the competitive landscape of the global sportswear industry, blending European brand heritage with Chinese market strength.

Industry observers say Anta’s strong distribution network and deep understanding of the Chinese consumer could help Puma regain momentum in the world’s largest sportswear market. At the same time, Puma’s global brand strength offers Anta greater international visibility.

Also Read: Public sector banks disrupted by nationwide strike

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Corporate

Sensex slides over 250 points, Nifty breaches 25,000

Indian equity markets reopened post the Republic Day holiday, wherein the BSE Sensex and NSE Nifty 50 opened on a positive note, tracking supportive signals from global markets. The Sensex slipped over 250 points, while the Nifty briefly fell below the 25,000 mark, reflecting cautious investor sentiment.

Buying interest was seen in select heavyweight stocks. Axis Bank shares moved higher, lending some support to the banking pack, while Adani Enterprises gained around 3 per cent, emerging as one of the top performers on the benchmark indices.

On the downside, Kotak Mahindra Bank declined sharply following its quarterly results, adding pressure on the financial sector. Mahindra & Mahindra fell nearly 4 per cent, dragging auto stocks lower, while Wipro and other IT stocks also traded weak amid broader selling.

Market participants remained cautious amid mixed global macro cues, including tariff-related concerns and currency volatility, which kept risk appetite in check. Traders also monitored upcoming corporate earnings and macroeconomic triggers for clues on near-term direction.

Also Read: Adanis seek talks with SEC on summons

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ICICI Pru to halt new inflows into two FoFs

ICICI Prudential Mutual Fund has decided to stop accepting new investments in two of its fund-of-funds (FoF) schemes from January 27, 2026. The decision follows changes in regulatory guidelines and will place the schemes under a grandfathering process, meaning they will continue only for existing investors.

The two schemes affected are the ICICI Prudential Passive Multi-Asset Fund of Fund and the ICICI Prudential Global Advantage Fund of Fund. According to the asset management company (AMC), the structure and investment pattern of these schemes do not fully align with the Securities and Exchange Board of India’s (SEBI) updated framework for FoFs that invest in multiple underlying funds.

As part of this move, no fresh lump-sum investments, SIPs (Systematic Investment Plans), or STPs (Systematic Transfer Plans) will be allowed after the cut-off date. Applications received before 3 pm on January 23, 2026, will be processed as usual. Existing SIPs and STPs will be discontinued from February 5, 2026. In addition, the IDCW reinvestment option in both schemes will be shifted to an IDCW payout option.

While new inflows will stop, existing investors can continue to hold their units. They will also have the flexibility to redeem or switch out their investments at any time, including through Systematic Withdrawal Plans (SWPs). The AMC clarified that there will be no restriction on exits.

The Passive Multi-Asset FoF, launched in 2022, invests in a mix of domestic and international exchange-traded funds (ETFs) and index funds, offering exposure across equity, debt, and gold. The Global Advantage FoF focuses largely on overseas markets through international funds. Both schemes have attracted significant investor interest and assets over time.

ICICI Prudential AMC said the grandfathering will remain in place until the schemes are either merged with other suitable funds or wound up, in line with SEBI rules. This process can take up to three years.

Also Read: Jayant Acharya maps ₹2 lakh cr JSW Steel growth