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May 07, 2026 LATEST NEWS >> 11:42 AM Emami: The company has announced strategic
acquisition of 60% stake in IncNut Digital Pvt. Ltd. (IncNut) for Rs. 321
crore, with plans to increase its holding over the next 4.5 years, based on a
performance-linked valuation. IncNut is the parent company of personalized
skincare brand Vedix and dermatology-based brand SkinKraft. Vedix integrates
time-tested Ayurvedic principles with modern data analytics to offer
formulations tailored to individual prakriti and lifestyle parameters.
SkinKraft adopts a dermatology-led approach, leveraging clinically validated
ingredients to address specific skin and hair concerns. This move expands
Emami’s digital-first footprint in the high-growth beauty and personal care
(BPC) market. The transaction is expected to be completed within 30 days of
announcement. Positive. TOP NEWS War update: US
President Donald Trump said he had very good talks with Iran, adding that
it’s very possible we’ll make a deal. Iran’s Foreign Ministry said a US
proposal to end the war is still under review and Tehran will convey its
response to mediator Pakistan after finalising its views. Israel continues to
bomb Lebanon. Brent futures is playing volatile moves with down almost 11% in
a single session yesterday and back again to 100 $ amid speculation over
US-Iran peace deal. Optimism around deal flairs positive for the markets. PB Fintech (Policybazaar parent) reported
strong Q4 FY26 results with net profit surging 54% YoY to ₹261 crore and
consolidated operating revenue rising 37% to ₹2,061 crore, driven by robust
growth in its core insurance business. For the full FY26, profit jumped 115%
to ₹670 crore, with total insurance premiums rising 42% Birlasoft (-ve): Revenue remained flat
sequentially (2.4% y-o-y) to $1,349 million. In CC terms, revenue declined
3.7% q-o-q (down 5.1% y-o-y). During Q4FY26, the Energy & Utilities
vertical (up 1.8% QoQ in dollar terms) delivered a sequential growth while
the other verticals registered a decline. The company is prioritizing revenue
quality by pruning non‑profitable scale accounts and exiting engagements that
lack meaningful long‑term growth or scalability potential. EBIT grew 2.3%
q-o-q (up 51.3% y-o-y) to Rs 230 crore, resulting in EBIT margin expansion by
37bps q-o-q (up 551bps y-o-y) to 17.0% (Est 13.3%) on the back of better
operating efficiencies and exchange rate tailwinds. On margins, Q4 benefited
from one‑off tailwinds totalling ~340 bps, comprising ~170 bps from
favourable forex movements and ~170 bps from operational items, including
reversal of performance‑based compensation provisions, lower leave and cash
provisions, and reduced employee equity compensation expense following senior
exits. Management clarified that these one‑offs are not baked into steady‑state
margin expectations and are not expected to recur. Adj. PAT came in at Rs
175.9 crore, up 9.6% q-o-q (up 44.1% y-o-y). Godrej Consumer Products (positive): 10%
rise in consolidated net profit at Rs 452 crore, up from Rs 412 crore,
reported in the same quarter last year. Consolidated revenue from operations
rose 11% to Rs 3,884.9 crore in the quarter on the back of underlying
volume growth of 6%. Consolidated EBITDA margin was flat at 21.17%
in Q4. On a standalone basis, net profit rose 70% to Rs 421.61 crore in
the quarter, while revenue from operations rose 9.5% to Rs 2,339.1
crore. India revenue rose to Rs 2,360.6 crore in Q4, up from
Rs 2,160.8 crore, however it declined from Rs 2,465.8 crore from
the previous quarter. strong sales in the home care segment with 12% sales
growth amid robust demand across Household Insecticides, Air Fresheners and
Fabric Care. Meanwhile, personal care sales grew 3% YOY in Q4. Avalon Tech:
Revenues came in at Rs 480 crore up 40% yoy. PAT grew by 69.5% to Reach Rs 41
crore. Avalon’s order book reached a substantial Rs 2,196
crore marking a 25% year-on-year increase. Positive Home First Finance Company (HFFC) reported
strong Q4FY26 results with a consolidated net profit of ₹149.4 crore, marking
a 42.8% YoY increase from ₹104.6 crore in Q4FY25. Key highlights included a
24.9% YoY growth in Assets Under Management (AUM) to ₹15,878 crore and a
record quarterly disbursement of ₹1,572 crore, with a recommended dividend of
₹5.20 per share. Mahindra Lifespace
Developers Ltd. has launched Mahindra BeaconHill, an ultra-premium
residential development in Mahalaxmi, South Mumbai, with a projected gross
development value (GDV) of ₹1,650 crore. The 58-storey tower will offer 198
residences, marking the company's strategic return to the prime South Mumbai
market. This launch follows robust FY26 sales growth and a cash-surplus
balance sheet for the company. The stock saw a modest gain on the
announcement. MACRO WRAP
INVESTMENT CALL First
Cut: Bajaj Auto Ltd Q4FY26 Standalone Results – A record breaking
performance!
Results
(consolidated)
Rs
crore
Source: Mirae Asset
Sharekhan Research First
cut: Blue star, Q4FY2026 results – Upbeat on margins
Results
(consolidated)
Rs crore
Actual vs. estimates
Rs. Crore
Source: Mirae Asset
Sharekhan Research First
Cut: Shree cement Q4FY26 Standalone Results – Performance above expectations.
Results
(Standalone)
Rs cr.
Actual
vs.
Estimates
Rs cr.
Source: Mirae Asset Sharekhan Research OTHER NEWS Midwest Limited: Company selected as Lead
Consortium Partner by Kerala Minerals and Metals Ltd. (KMML) for Strategic
Rare Earth Elements Pilot Project. This milestone reinforces the Company’s
diversification strategy to establish a meaningful presence in the rare earth
ecosystem. This marks one of the first collaborations between the state and
the private sector in this domain strengthening capabilities in critical
minerals, especially rare earth elements. Positive TD power systems:
Considering split on May 14th 2026. Biocon Limited: The company has denied reports of any succession planning or leadership change following exchange queries over a news report. The clarification comes after a report suggested Kiran Mazumdar-Shaw had chosen her niece as successor. |
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