Eternal's Q1FY27 shareholder letter reveals strong B2C net order value growth, with Blinkit emerging as the primary growth engine and achieving profitability. Food delivery remains a steady profit anchor, while new ventures like Bistro and Nugget are in early investment stages.
Punjab National Bank's shares rose nearly 6% after reporting a 214% YoY net profit increase to Rs 5,253 crore in Q1FY27, beating estimates. Improved asset quality and lower provisions led brokerages like JM Financial and Motilal Oswal to upgrade/reiterate ratings and raise target prices.
UltraTech Cement announced a 17% YoY increase in Q1FY27 consolidated net profit to Rs 2,599 crore, with revenue up 16% to Rs 24,648 crore. Growth was driven by higher cement volumes, improved realisations, and strong performance in ready-mix concrete and construction chemicals.
India Inc's revenue saw an estimated 11-11.5% year-on-year growth in Q1FY27, the fastest in eight quarters, driven by pricing power rather than volume. Despite rising input costs due to the West Asia conflict, domestic demand remained resilient, allowing companies to pass on higher expenses, though margins faced pressure.
Tata Consultancy Services (TCS) is projected to report modest profit growth for Q1FY27, with revenue expected to be nearly flat sequentially. Factors like weak client spending, wage hikes, and AI-driven pricing pressure are impacting performance. Investors will focus on management commentary regarding demand recovery, BFSI growth, margins, and AI strategy.
Despite inflation, higher interest rate expectations, and the Adhik Maas period impacting demand, Titan and Kalyan Jewellers reported strong Q1FY27 business updates. Both companies saw robust jewellery demand, supported by store expansion and growth in domestic and international markets.
