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Sachin Pal

Senior Research Analysts

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Syrma SGS Q4: Strong performance, but growth seen to moderate in FY26

BUSINESS

Syrma SGS Q4: Strong performance, but growth seen to moderate in FY26

The company’s management forecasts 30-35 percent revenue growth and an 8 percent EBITDA margin in FY26

Voltas near-term outlook dims as market conditions turn unfavourable

BUSINESS

Voltas near-term outlook dims as market conditions turn unfavourable

The robust performance in the UCP business has been offset by losses in the EMP segment

SG Mart: Sharp focus on expansion with margin-accretive growth

BUSINESS

SG Mart: Sharp focus on expansion with margin-accretive growth

Looking ahead, the company is targeting significant strategic growth, aiming to become the largest buyer of steel in India and intends to double its operating profits to Rs 200 crore in FY26.

PG Electroplast – Early monsoon dampens short-term outlook

BUSINESS

PG Electroplast – Early monsoon dampens short-term outlook

Record performance in FY25 with broad-based growth across key business verticals

Concor: Another soft quarter, but long-term potential remains intact

BUSINESS

Concor: Another soft quarter, but long-term potential remains intact

To boost market share and fuel long-term expansion, the company is ramping up infrastructure

Blue Star: Unseasonal rains, high inventory may impact near-term performance

BUSINESS

Blue Star: Unseasonal rains, high inventory may impact near-term performance

A weak start to the summer, with sales growth in April much lower than expectations

Dixon shines in Q4 with blockbuster growth numbers

BUSINESS

Dixon shines in Q4 with blockbuster growth numbers

Backward integration, improving wallet share, and new product development will be key growth drivers

Amber Enterprises executes well, but growth is priced in

BUSINESS

Amber Enterprises executes well, but growth is priced in

The group’s business diversification strategy is working out and will be bolstered by its entry into new segments

Crompton Greaves Consumer Q4: Lower input prices, cost optimisation support margins

BUSINESS

Crompton Greaves Consumer Q4: Lower input prices, cost optimisation support margins

Focus on the premium product portfolio and the revival in the lighting business will be key growth drivers

Berger Paints Q4: Gaining market share despite emerging competition

BUSINESS

Berger Paints Q4: Gaining market share despite emerging competition

Outperforming industry growth amid challenging market conditions

Sticky performance — Pidilite delivers stability in tough Q4

BUSINESS

Sticky performance — Pidilite delivers stability in tough Q4

Underlying volume growth continues to remain strong

Radico Khaitan Q4: IMFL adds punch to sales volume

BUSINESS

Radico Khaitan Q4: IMFL adds punch to sales volume

Stable raw material prices help in the expansion of gross margins

Asian Paints Q4: Growth slows as competitive intensity tightens grip

BUSINESS

Asian Paints Q4: Growth slows as competitive intensity tightens grip

Though Asian Paints is a quality business, the competitive intensity in the sector has started show-ing its colours

Kajaria Ceramics: Muted quarter impacted by strategic realignment

BUSINESS

Kajaria Ceramics: Muted quarter impacted by strategic realignment

Recovery in domestic market demand expected in the later half of FY26

RR Kabel Q4: Propelled by strong demand in both domestic and overseas markets

BUSINESS

RR Kabel Q4: Propelled by strong demand in both domestic and overseas markets

Substantial margin expansion in the quarter on the back of operational efficiencies

UltraTech – Operational performance shows the company’s competitive advantage

BUSINESS

UltraTech – Operational performance shows the company’s competitive advantage

The government's commitment to infrastructure and continued momentum in real estate augur well for the cement maker

Dalmia Bharat Q4: Solid operational performance

BUSINESS

Dalmia Bharat Q4: Solid operational performance

A mixed set of earnings report in Q4 FY25 as cement faces lacklustre demand

Waaree Energies: A business with growth potential that faces competitive intensity

BUSINESS

Waaree Energies: A business with growth potential that faces competitive intensity

Stellar financial performance as key growth engines continue to deliver strong operating metrics

Havells India wraps up FY25 with strong earnings in Q4

BUSINESS

Havells India wraps up FY25 with strong earnings in Q4

Revenue growth remains strong; however, margins were impacted due to a change in the product mix

Cyient DLM: Near-term revival appears unlikely

BUSINESS

Cyient DLM: Near-term revival appears unlikely

Q4 revenue growth driven by the acquisition of Altek Electronics

GM Breweries Q4: Solid operational performance

BUSINESS

GM Breweries Q4: Solid operational performance

Demand outlook stable but the sugarcane market is facing headwinds

Big Moves in Logistics: What Delhivery’s latest bet signals

BUSINESS

Big Moves in Logistics: What Delhivery’s latest bet signals

India’s logistics sector just saw its second major distress deal in under three years. Behind it lies a tale of missed targets, lost clients, and shrinking valuations

Are Indian aquaculture companies safe from US tariff net?

BUSINESS

Are Indian aquaculture companies safe from US tariff net?

The new tariff will add to costs, but relative tariffs will matter more. Where India stands in the tariff ladder

Delhivery: Does the current stock price factor in growth concerns?

BUSINESS

Delhivery: Does the current stock price factor in growth concerns?

Although the business environment remains challenging, Delhivery is looking to maintain its market share on the back of its market position and cost leadership in the logistics sector.

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