Q2 Results impact: Bata India shares drop 7% on weak earnings; Canara HSBC Life, Canara Robeco AMC plunge up to 11%

Q2 Results impact

The shares of Bata India and the newly-listed stocks of Canara HSBC Life and Canara Robeco AMC dropped sharply in trade on October 28 after the Q2 results released by the three companies failed to meet expectations.

The three companies had released their results in the post market hours of October 27.

Bata India Q2 Results:

Bata India reported a consolidated net profit of Rs 13.89 crore for Q2 FY26. This marks a 73 percent YoY drop from the Rs 51.98 crore net profit reported in Q2 FY25. The firm's revenue from operations dropped 4 percent YoY to Rs 801.3 crore during the quarter under review, as against Rs 837 crore in the same period last year.

The company said that deferment of purchases by channel partners and customers since the announcement of GST rate rationalization had impacted its financial performance during the quarter. "Further, disruption in one of the largest warehouses in July 2025 also had temporary business impact. The Quarter has ended on a positive note with signs of recovery in festive season," it added.

"We remain cautiously optimistic about recovery towards balance of this year, backed by our strong market positioning and wide network while maintaining strong focus on cost efficiencies," said Bata India MD and CEO Gunjan Shah.

Bata India share price:

The shares of the company dropped more than 6 percent to hit an intraday low of Rs 1,090.50 apiece. The stock then recovered some losses to trade 3 percent lower at Rs 1,130 apiece, as seen at 11.38 am.

Citi kept a 'Sell' call on the stock, with a target price of Rs 750 per share. This implies a downside potential of nearly 36 percent from the stock's previous closing price. The international brokerage said that the firm's revenue has declined below its estimates despite weak base and early onset of festive season. Citi noted that Bata India’s profitability was weak, with EBITDA declining.

Canara HSBC Life Q2 Results:

Canara HSBC Life Insurance Company reported a standalone net profit of Rs 40.81 crore for Q2 FY26. This marks a 10.69 percent YoY rise from the Rs 36.87 crore net profit reported in Q2 FY25. The newly-listed firm’s net premium income rose 23 percent YoY to Rs 2,259.73 crore.

For the first half of the ongoing financial year 2026 (April-September), Canara HSBC Life reported a 21 percent YoY increase in value of new business (VNB) to Rs 214.3 crore with a VNB margin of 19.6 percent.

Canara HSBC Life share price:

The shares of the company dropped more than 4 percent to hit an intraday low of Rs 116.50 apiece. The stock then recovered all losses to trade nearly flat at Rs 121.61 apiece, as seen at 11.50 am. The stock has gained over 13 percent in the past five days.

Canara HSBC Life shares had made a flat listing on October 17, listing exactly at the IPO price of Rs 106 per share. The stock has so far gained nearly 10 percent since then.

Canara Robeco AMC Q2 Results:

Recently-listed Canara Robeco AMC reported a net profit of Rs 48.71 crore for Q2 FY26, marking a drop of nearly 3 percent YoY from the Rs 50.04 crore net profit reported in Q2 FY25. The firm's revenue from operations meanwhile rose 3 percent YoY to Rs 107.65 crore during the quarter under review.

Canara Robeco AMC share price:

Canara Robeco AMC shares plunged more than 11 percent to hit an intraday low of Rs 311.10 apiece. The stock later recovered some losses and was trading around 5 percent lower at Rs 334.45 apiece.

The stock had debuted at a premium of more than 5 percent over the IPO price at Rs 280.25 apiece on NSE on October 16. The stock has so far gained around 11 percent since then.

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