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Varsha Bang

Senior Research Analyst

Moneycontrol

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.

eMudhra: Positioned for recovery with robust order book, strategic M&A focus

BUSINESS

eMudhra: Positioned for recovery with robust order book, strategic M&A focus

Rapidly expanding global needs for cybersecurity, identity verification, and paperless workflows create a long runway for eMudhra to scale up its high-impact solutions and capture meaningful market share.

CEAT: Is the risk-reward turning favourable?

BUSINESS

CEAT: Is the risk-reward turning favourable?

Healthy volume-led growth in Q4 FY25, though margins remained under pressure due to high raw material prices.

Eternal Q4 FY25: Is the growth strategy losing its flavour?

BUSINESS

Eternal Q4 FY25: Is the growth strategy losing its flavour?

Aggressive expansion in quick commerce hurts near-term profitability; food delivery slows, going-out app yet to deliver

Baazar Style: Is this the next rising star in value retail space?

BUSINESS

Baazar Style: Is this the next rising star in value retail space?

With consistent SSSG, an expanding private label portfolio, and strong store-level economics, Baazar Style stands out as a scalable and profitable value fashion retailer with deep regional presence

Why this retailer looks set for a rerating

BUSINESS

Why this retailer looks set for a rerating

With the transition from unorganised to organised retail in affordable fashion, Cantabil Retail is well-positioned to leverage its extensive national presence and expanding digital footprint

V2 Retail: Will this fashion retailer deliver value to investors?

BUSINESS

V2 Retail: Will this fashion retailer deliver value to investors?

The company is positioning itself as a key player in India’s value retail sector.

Investing in the Cash Economy: Why CMS Info Systems stands out

BUSINESS

Investing in the Cash Economy: Why CMS Info Systems stands out

The company’s financial profile remains strong, aided by steady revenue growth, solid margins, healthy order book, and earnings visibility

Heritage Foods: A quarter of impressive growth, margin improvement

BUSINESS

Heritage Foods: A quarter of impressive growth, margin improvement

Strong performance in dairy and VAP segments fuel growth. Extensive distribution network helps in meeting growing dairy and VAP demand.

DOMS Industries: Gaining traction with consistent performance

BUSINESS

DOMS Industries: Gaining traction with consistent performance

The integration of the Uniclan business, continuous capacity addition, and diversified product segment are driving growth

Cantabil Retail India: Positioning for sustainable long-term growth

BUSINESS

Cantabil Retail India: Positioning for sustainable long-term growth

Strong SSSG, margin improvements, and strategic store expansion to act as catalysts

Saregama: Unlocking growth for long-term success

BUSINESS

Saregama: Unlocking growth for long-term success

Music-licensing and live events drive revenue while content investments position the company for sustained growth and the expansion of digital footprint

Welspun Living: Can it maintain the growth momentum?

BUSINESS

Welspun Living: Can it maintain the growth momentum?

Amid supply chain and margin pressures, Welspun Living focuses on strategic expansion and strong brand growth for long-term success

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