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Varsha Bang

Senior Research Analyst

Moneycontrol

Aditya Infotech IPO: Big vision, bigger valuation — Should you bet on it?

BUSINESS

Aditya Infotech IPO: Big vision, bigger valuation — Should you bet on it?

Heavy dependence on imported raw materials and exposure to Chinese component supply are key concerns

Bikaji Q1 FY26: Slow but steady margin comeback

BUSINESS

Bikaji Q1 FY26: Slow but steady margin comeback

A sharp increase in input costs impacts gross margin. However, adjusted revenue growth remains strong

Shanti Gold International IPO: Will it glitter on the bourses?

BUSINESS

Shanti Gold International IPO: Will it glitter on the bourses?

SGIL has a reputed and experienced management team and is well-placed to capture growth opportunities.

GNG Electronics IPO: Is it a good value proposition?

BUSINESS

GNG Electronics IPO: Is it a good value proposition?

One-of-its-kind flotation that’s an interesting play on the refurbished electronics segment

Eternal Q1 FY26: Scaling up fast, but can it deliver margin consistency?

BUSINESS

Eternal Q1 FY26: Scaling up fast, but can it deliver margin consistency?

While the transition to an inventory-led model and continued store expansion could drive long-term margin expansion, execution risks remain elevated

Can CEAT regain margin traction after Q1 FY26?

BUSINESS

Can CEAT regain margin traction after Q1 FY26?

Strong volume-led growth offset by margin pressure. The company eyes on H2 as Camso, exports, and premiumisation take hold

Is Heritage Foods set to become a high-margin dairy brand?

BUSINESS

Is Heritage Foods set to become a high-margin dairy brand?

Rising value-added product mix, stronger margins, and strategic western expansion mark a structural shift at HFL

Travel Food Services IPO: Should you subscribe?

BUSINESS

Travel Food Services IPO: Should you subscribe?

TFS runs a dual-vertical business model — QSRs and lounges — at airports. As of March 2025, it operates across 18 Indian airports, including Delhi, Mumbai, and Hyderabad, as well as international hubs in Kuala Lumpur and Hong Kong

Crizac Ltd IPO — Is this EdTech flotation worth the bet?

BUSINESS

Crizac Ltd IPO — Is this EdTech flotation worth the bet?

Tech-driven, asset-light B2B platform targeting global student mobility, with efforts underway to reduce UK dependence

Is this agrochemical IPO a good bet?

BUSINESS

Is this agrochemical IPO a good bet?

The company plans to invest in a new dry flowable manufacturing plant to add newer formulations in its portfolio.

From Lead to Lithium: This battery maker is building the next growth engine

BUSINESS

From Lead to Lithium: This battery maker is building the next growth engine

Strong lead-acid cash flows anchor the transition as Amara Raja builds vertical capabilities in lithium, energy storage, and grid solutions

Is Dodla Dairy becoming a more consistent performer?

BUSINESS

Is Dodla Dairy becoming a more consistent performer?

With value-added products gaining traction, Africa expansion, and feed integration, Dodla is well-positioned for continued expansion

Can Page Industries earn back its premium valuation in FY26?

BUSINESS

Can Page Industries earn back its premium valuation in FY26?

Volume-led recovery and digital-led retail strength support FY26 optimism amid valuation concerns

Can a stationery brand drive growth beyond its core strength?

BUSINESS

Can a stationery brand drive growth beyond its core strength?

From stationery to hygiene, DOMS weaves integration, innovation, and infrastructure into a diversified growth story

Can this home textiles player withstand the heat of US tariff uncertainty?

BUSINESS

Can this home textiles player withstand the heat of US tariff uncertainty?

Margin softness and tariff disruptions challenge near-term visibility, but brand-led growth and the UK-FTA opportunities offer medium-term support

V2 Retail: Can fashion flourish in semi-rural India?

BUSINESS

V2 Retail: Can fashion flourish in semi-rural India?

Record-breaking profits, rapid store expansion, and agile inventory control make V2 Retail a scaleable and profitable retail force in Tier 2 and Tier 3 cities

Is Bharat Forge stock poised for re-rating?

BUSINESS

Is Bharat Forge stock poised for re-rating?

As export challenges persist in its core auto business, the company is strategically reallocating resources towards the defence, e-mobility, and aerospace growth engines

Is Cantabil the next retail growth story?

BUSINESS

Is Cantabil the next retail growth story?

At 18x FY27E earnings, CRIL offers an attractive valuation with strong operating leverage and improving demand visibility

Belrise IPO: A growth-oriented play in auto ancillaries

BUSINESS

Belrise IPO: A growth-oriented play in auto ancillaries

The company stands at an inflection point with sharper focus on high-margin segments

Saregama: Building strong IP ecosystem for future music growth

BUSINESS

Saregama: Building strong IP ecosystem for future music growth

The company reported strong numbers in FY25; focus intact on content acquisition

Bikaji Foods Q4: Profitability under strain, yet FY26 looks promising

BUSINESS

Bikaji Foods Q4: Profitability under strain, yet FY26 looks promising

A sharp increase in input costs impacts gross margin; however, adjusted revenue growth remains strong

Baazar Style Retail: Can this value retail player lead fashion growth?

BUSINESS

Baazar Style Retail: Can this value retail player lead fashion growth?

With record revenues, store additions, and strong private label momentum, Baazar Style Retail ended FY25 with strong growth.

MapmyIndia: Strong finish to FY25 with improved visibility

BUSINESS

MapmyIndia: Strong finish to FY25 with improved visibility

Balanced growth across verticals; structural tailwinds from government, defence and global mobility

Swiggy Q4 FY25: Growth on the table, Quick Commerce remains a drag

BUSINESS

Swiggy Q4 FY25: Growth on the table, Quick Commerce remains a drag

The company continues to deliver strong top-line growth, but continued investment in Quick Commerce and rising competitive intensity are weighing on margins.

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