Category: Corporate

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Corporate

Trent reports 19% revenue growth in first quarter

Shares of Trent Ltd. fell sharply on Tuesday even as the Tata Group retailer reported healthy business growth for the first quarter of FY27. The stock dropped nearly 11% after investors reacted to the company’s quarterly update.

Trent reported a 19% year-on-year increase in standalone revenue during the April–June quarter. While the growth remained strong, it was lower than what the market had expected, triggering profit booking in the stock.

The company said demand across its fashion brands remained healthy during the quarter. It also continued expanding its retail footprint by opening new stores under its popular Westside and Zudio brands, strengthening its presence across India.

Despite the positive business update, analysts said Trent’s premium valuation had raised investor expectations. As a result, even solid revenue growth was not enough to satisfy the market.

This sharp fall reflects short-term sentiment rather than any weakness in the company’s business. They said investors are closely watching the pace of growth after Trent delivered exceptional performance over the past few years.

The retailer remains optimistic about long-term growth, backed by rising demand for organised fashion retail and continued store expansion. Analysts also expect upcoming financial results to provide a clearer picture of the company’s profitability and margins.

Also Read: Kalyan Jewellers stock falls despite growth

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Corporate

Cochin Shipyard OFS opens today, shares slip 4%

The Centre has launched an Offer for Sale (OFS) to divest up to 5.04% stake in Cochin Shipyard Ltd, aiming to raise nearly ₹1,800 crore through the share sale. The two-day OFS opened for institutional investors on Monday, while retail investors can bid on Tuesday.

The government has fixed the floor price at ₹1,400 per share, a discount to the stock’s previous closing price to encourage wider participation. The offer includes a base sale of 2.5% equity, with an additional 2.54% stake available under the green shoe option if demand remains strong.

Following the announcement, shares of the state-owned defence and shipbuilding company came under pressure. The stock fell around 4% during trading as investors reacted to the discounted offer price and the increase in the number of shares available in the market.

Despite the short-term decline, market analysts said the OFS is part of the government’s broader disinvestment programme and does not alter Cochin Shipyard’s long-term business prospects. The company continues to benefit from a healthy order book, rising defence spending and increasing opportunities in commercial shipbuilding and ship repair.

The government currently holds a majority stake in Cochin Shipyard, and the latest OFS is expected to improve public shareholding while helping the Centre meet its disinvestment targets for the financial year.

Retail investors have been offered the opportunity to participate in the sale on the second day of the issue, with reservations made specifically for them. Analysts believe the discounted pricing could attract long-term investors despite the temporary weakness in the stock.

Cochin Shipyard remains one of India’s leading public sector shipbuilders, executing projects for the Indian Navy, Coast Guard and commercial shipping companies. Its strong execution capabilities and robust order pipeline continue to support investor confidence.

Also Read: Rupee gains 15 paise to 95.28 

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Corporate

Sensex climbs 300 points, Nifty trades above 24,500

Equity indices traded with modest gains on Tuesday as investors remained optimistic amid easing crude oil prices, sustained foreign institutional buying and positive global cues. The upbeat sentiment helped extend the market’s recent winning streak, with both the Sensex and Nifty staying comfortably in positive territory through the session.

The BSE Sensex climbed over 250 points during morning trade to reclaim the 78,500 level, while the NSE Nifty moved above 24,500. Buying interest was largely concentrated in information technology, financial and select metal stocks, although profit booking in a few heavyweight counters capped sharper gains.

IT shares emerged as the biggest support for the market after recent underperformance. Infosys and TCS featured among the top gainers, supported by fresh buying ahead of the earnings season. Other notable gainers included HCLTech, Tech Mahindra and Hindalco, reflecting improved investor confidence in technology and metals.

On the losing side, Trent came under sharp selling pressure after disappointing investors with its latest business update. Kotak Mahindra Bank also remained under pressure, while Bajaj Finserv, Coal India and Max Healthcare traded lower, limiting broader market gains.

Market participants continued to monitor foreign institutional investor (FII) activity, which has remained supportive in recent sessions. Softer crude oil prices also boosted sentiment by easing concerns over inflation and India’s import bill. Analysts believe stable global markets and improving domestic liquidity have encouraged investors to selectively accumulate quality stocks.

Also Read: HDFC Bank rises over 2% on Q1 update

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Corporate

HDFC Bank rises over 2% on Q1 update

Shares of HDFC Bank climbed more than 2% on Monday after the country’s largest private sector lender reported a stronger-than-expected business update for the April-June quarter of FY27. The upbeat numbers reassured investors about the bank’s steady growth, helping the stock outperform the broader market.

HDFC Bank reported gross advances of around ₹27.3 lakh crore as of June 30, marking a 12.7% year-on-year increase. On a sequential basis, loans grew by about 2.5%, reflecting healthy credit demand across segments.

The bank also posted strong growth in deposits. Total deposits rose 16.2% from a year ago to nearly ₹28.1 lakh crore, while quarterly growth stood at around 5.1%. The improvement was driven by higher customer deposits and continued focus on strengthening the bank’s funding base.

One of the biggest positives was the rise in CASA (Current Account and Savings Account) deposits, which increased to about ₹9.8 lakh crore. Although the CASA ratio remained under pressure at around 34.9%, analysts said the steady improvement in low-cost deposits was encouraging.

Investors welcomed the update as it suggested that HDFC Bank continues to deliver stable growth despite a challenging interest rate environment and intense competition in the banking sector. The strong deposit growth also eased concerns over funding costs following the bank’s merger with HDFC Ltd.

The positive business update lifted market sentiment, with HDFC Bank emerging among the top gainers on the benchmark indices during Monday’s trading session. Banking stocks also received support after several private lenders reported healthy quarterly business numbers.

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Corporate

Sensex gains 521 points, Nifty tops 24,400

Indian benchmark indices extended their winning streak for a fourth straight session on Monday, supported by strong buying in banking stocks and positive investor sentiment. The BSE Sensex climbed 521.16 points to close at 78,285.07, while the NSE Nifty50 gained 159.50 points to settle at 24,430.35, crossing the 24,400 mark for the first time in nearly 10 weeks.

Banking stocks led the rally after several private lenders reported healthy business updates for the April-June quarter. HDFC Bank, Axis Bank, IndusInd Bank and Bandhan Bank were among the top gainers after reporting steady loan and deposit growth. Realty and metal stocks also witnessed strong buying, adding to the market’s momentum.

On the other hand, Kotak Mahindra Bank emerged as one of the top losers after its quarterly business update fell short of market expectations. Information technology stocks also remained under pressure as investors stayed cautious ahead of the upcoming earnings season.

The broader market remained positive as easing crude oil prices, a favourable monsoon and renewed buying by foreign institutional investors (FIIs) boosted confidence. Analysts said these factors have improved expectations for inflation and economic growth, encouraging investors to increase their exposure to equities.

Among the sectoral indices, Bank Nifty outperformed the broader market, while the realty index also posted strong gains. Stocks such as Godrej Properties, Oberoi Realty and Lodha Developers advanced sharply during the session.

Also Read: Standard Chartered trims India branches

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Corporate

Sensex gains over 300 points, Nifty tops 24,300

Markets opened the week on a strong note, extending their winning streak for the fourth consecutive session as positive domestic cues and sustained foreign fund inflows lifted investor sentiment. The BSE Sensex surged more than 300 points in early trade, while the NSE Nifty climbed above the 24,300 mark, driven by broad-based buying in heavyweight stocks.

Banking and financial shares led the rally, with HDFC Bank emerging as one of the biggest gainers after reporting robust business updates for the June quarter. Reliance Industries, Bajaj Finance, Axis Bank and ICICI Bank also traded higher, providing strong support to the benchmark indices. The gains in these heavyweight stocks helped offset weakness in a few sectors and kept the broader market firmly in positive territory.

On the other hand, Trent, Kotak Mahindra Bank, Titan Company, Asian Paints and Sun Pharma featured among the top losers during the morning session, witnessing profit booking after recent gains. Despite the decline in these counters, buying in banking and select large-cap stocks ensured the market remained comfortably in the green.

Investor confidence was boosted by the revival of the southwest monsoon after a brief slowdown. Improved rainfall has eased concerns over agricultural output and rural demand, strengthening expectations of healthy economic activity in the coming months. Adding to the positive mood, foreign institutional investors (FIIs) continued to remain net buyers, reflecting renewed confidence in Indian equities.

Market experts believe the combination of improving monsoon conditions, resilient domestic fundamentals and steady foreign investment flows is supporting the ongoing rally. Expectations of healthy corporate earnings and stable macroeconomic indicators have also encouraged investors to increase exposure to equities.

Also Read: PM Modi launches mega Rajasthan projects

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Corporate

Maersk orders 1,000 India-made containers from DCM Shriram

Global shipping giant Maersk has placed an order for 1,000 Made-in-India shipping containers with the DCM Shriram Group, marking a major boost for the country’s efforts to build a strong domestic maritime manufacturing ecosystem.

The order comes soon after the launch of India’s first locally manufactured export-import (EXIM) shipping container, signalling growing international confidence in the country’s ability to produce world-class logistics equipment. The containers will be manufactured at DCM Shriram’s facility using global quality and safety standards required for international shipping.

For years, India has relied heavily on imported containers to support its export and import trade. The latest order is expected to reduce that dependence while helping establish a domestic manufacturing base capable of serving both Indian and overseas markets.

Maersk’s decision is being viewed as a significant endorsement of Indian manufacturing. The company has worked closely with DCM Shriram, providing technical guidance to ensure the containers meet international operational and durability standards. The partnership is expected to pave the way for more collaborations between global shipping companies and Indian manufacturers.

Officials say the project is an important milestone for India’s maritime sector and demonstrates the country’s growing capability to manufacture products that meet global benchmarks. It also reflects increasing confidence among multinational companies in India’s industrial capacity.

The initiative aligns with the government’s focus on promoting domestic manufacturing and improving self-reliance in critical infrastructure. A stronger local container manufacturing industry could help exporters by improving availability, reducing supply disruptions and lowering logistics costs over time.

Also Read: UAE oil exports rebound despite Gulf tensions

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Corporate

ITC launches sugar-free cola

ITC has stepped into India’s cola market with the launch of Sunfeast Sip N Fizz, a sugar-free carbonated drink made with tender coconut water. The launch marks the company’s entry into the fast-growing cola segment as it expands its beverages portfolio with healthier and premium offerings.

The new drink combines the familiar taste of cola with the goodness of tender coconut water, targeting consumers who want a refreshing beverage without added sugar. Priced at ₹60 for a 250-ml can, the product is being introduced through quick-commerce platforms before a wider rollout across the country.

With Sip N Fizz, ITC is entering a market dominated by global players Coca-Cola and PepsiCo, while also joining Indian brands that are looking to strengthen their presence in the soft drinks category. However, instead of competing on price, the company is focusing on innovation and premium positioning.

ITC says it plans to expand the Sip N Fizz range with more flavours, formats and pack sizes in the coming months as it looks to tap the growing demand for healthier beverages.

The launch is part of the company’s broader strategy to strengthen its FMCG business by introducing products that match changing consumer preferences. In recent years, ITC has expanded its beverage portfolio with fruit-based drinks, coconut water and protein beverages under brands such as Sunfeast and B Natural.

Also Read: DMart slides 5% as Q1 disappoints

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Corporate

DMart slides 5% as Q1 disappoints

DMart shares fell nearly 5% on Thursday after the supermarket chain’s first-quarter business update failed to impress investors. While the company continued to grow its sales, the pace was slower than what the market had expected, triggering a sell-off in the stock.

Avenue Supermarts, which owns and operates DMart stores, reported standalone revenue of ₹18,343.49 crore for the quarter ended June 30, up 15.1% from ₹15,932.12 crore a year earlier. During the quarter, the retailer opened three new stores, taking its total network to 503 outlets.

Although the numbers reflected steady growth, analysts said they fell short of expectations. Investors were also disappointed by the slower pace of store expansion, raising concerns about the company’s near-term growth.

Several brokerages maintained a cautious view after the update. Goldman Sachs retained its ‘Sell’ rating, saying revenue growth remained weaker than expected despite favourable pricing trends in the FMCG sector. Macquarie also continued with its ‘Underperform’ rating, pointing to slower sales growth and fewer store additions than anticipated.

Morgan Stanley said the softer revenue performance could weigh on the stock in the near term, while HSBC kept its ‘Reduce’ rating after the company missed estimates. UBS, however, remained positive on the long-term story, retaining its ‘Buy’ rating despite describing the quarter as subdued.

DMart has long been regarded as one of India’s strongest retail success stories, known for its value-driven business model and loyal customer base. However, the company is now facing increasing competition from quick-commerce platforms and changing consumer spending patterns, making growth more challenging.

Also Read: Parle Products plans $1 bn IPO

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Corporate

Parle Products plans $1 bn IPO

Parle Products is preparing to take its nearly century-old business to the stock market with an initial public offering (IPO) that could raise more than $1 billion. The proposed issue is expected to value the company at over $10.5 billion (around ₹1 lakh crore), making it one of the biggest IPOs by an Indian FMCG company.

The company has appointed Kotak Mahindra Capital, Axis Capital and HSBC Securities to manage the proposed public issue. It is also looking to add another investment bank to the advisory team as it moves ahead with the listing process. The IPO is still in the early stages, and its final size and timeline will depend on market conditions.

Parle Products has not officially confirmed its listing plans. The company has said it remains focused on growing its business and continues to evaluate opportunities that can support its long-term expansion.

For FY25, Parle Products reported operational revenue of ₹15,568.49 crore, up 8.5% from the previous year. Net profit, however, declined 39% to ₹979.53 crore.

Founded in 1929, Parle Products is one of India’s best-known food companies. Its portfolio includes household brands such as Parle-G, Monaco, KrackJack, Hide & Seek, Melody and Mango Bite. Over the years, it has also expanded into categories such as cakes, rusk, atta and breakfast cereals.

The company has built a strong presence beyond India, exporting its products to several countries while operating manufacturing facilities across Africa, Asia and North America.

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