Brainbees-owned FirstCry posted Q4 FY26 net loss of ₹48.2 Cr on revenue of ₹2,162.7 Cr (+12%), as diaper-segment price wars pressured margins. FY26 adjusted EBITDA rose 24% to ₹486 Cr. Management is doubling down on UAE/Saudi expansion, RocketBees rollout from 22 to 62 cities, and 100+ new stores in FY27.

Inc42 · Buzz · 5/27/2026, 6:33:31 AM

Pine Labs posted Q4 FY26 net profit of ₹59.4 Cr versus ₹28.9 Cr loss YoY, with revenue up 14.7% to ₹700.5 Cr. The merchant payments firm will launch stablecoin-backed prepaid card infrastructure globally, partner with OpenAI on AI products, and guides 21-23.5% growth for FY27.

Inc42 · 5/26/2026, 7:36:22 AM

Q4 FY26 revenue missed Street estimates, dragging shares 1% to ₹144.45. Full-year revenue rose 19% to ₹2,711 cr with adj EBITDA up 57% at ₹559 cr. Stock down 38% YTD despite OMC wins (BPCL, HPCL, IOCL), GCash Philippines push and OpenAI agentic commerce tie-up. Morgan Stanley target ₹245.

The Hindu BusinessLine · 5/26/2026, 5:50:56 AM

Madison India Capital sold nearly its entire Pine Labs stake at ₹144/share via a ₹356.86 Cr block deal, with HSBC MF, Franklin Templeton, ICICI Pru and Tata MF among buyers. The payments firm's stock closed at ₹142.8, a post-IPO low, despite Q3 FY26 revenue of ₹744.3 Cr (+24% YoY).

Inc42 · 5/22/2026, 5:00:04 PM

Madison India Capital sold 2.48 Cr Pine Labs shares at ₹144 apiece, raising ₹357 Cr in a near-full exit post lock-in expiry. HSBC MF picked up 61.73 Lakh shares (₹88.89 Cr); Franklin, ICICI Pru and Tata MF also absorbed stock. Shares hit a post-IPO low of ₹141.05, closing -3.71% at ₹142.8 despite Q3 swing to ₹42.4 Cr profit on 24% YoY revenue growth.

Inc42 · Buzz · 5/22/2026, 4:59:56 PM

FSN E-Commerce Ventures touched ₹285.65 intraday, lifting market cap to ₹78,260 Cr after Q4 net profit surged 4X to ₹78.8 Cr on 28% revenue growth. FY26 profit climbed 182% to ₹203.9 Cr on ₹10,022 Cr revenue. Physical footprint expanded to 313 stores with 76 additions across 20 new cities. Morgan Stanley, HSBC, Citi, CLSA and Jefferies stay largely constructive.

Inc42 · 5/22/2026, 8:15:39 AM

ITC stock fell to ₹304.50 after GST on cigarettes jumped from 28% to 40% of retail price. FMCG arm impressed with 15% revenue growth and 200bps EBIT margin expansion to 8.3%, while cigarette EBIT beat consensus by 15%. But brokerages model FY27 cigarette volumes down 8% and EBIT down 17%, with target prices spanning ₹290-394.

The Hindu BusinessLine · 5/22/2026, 6:41:08 AM

Q4FY26 net profit rose 4.9% to Rs 5,113 cr and EBITDA margin held at 40%, but revenue fell 7% to Rs 16,050 cr. Brokerages flag cigarette tax-hike drag; stock down 29% over 12 months as Jefferies, Citi, Morgan Stanley, JPMorgan and Macquarie stay cautious.

NDTV Profit · 5/22/2026, 5:11:00 AM

ITC posted Q4FY26 net profit of Rs 5,113 crore (+4.9% YoY) on price hikes, even as revenue fell 7% to Rs 16,050 crore. EBITDA margin expanded to 40%. Jefferies trimmed TP to Rs 350 from Rs 400 citing cigarette tax hike risk in Q1FY27; Citi, MS, JPMorgan, Macquarie held ratings with cautious near-term view.

NDTV Profit · 5/22/2026, 3:07:30 AM

Q4FY26 PAT fell 7.5% YoY to ₹203.6 cr, but revenue surged 45.6% to ₹2,516 cr. India ASP rose 15.9% to ₹1,865, SSSG hit 24.2%, and same-pincode sales grew 31.1%. Lenskart added 542 net new stores in FY26 and is investing ₹53 cr to lift Owndays stake to 97.67%. Jefferies (TP ₹600) and Morgan Stanley (TP ₹576) stay bullish; stock +2% at ₹497.75.

The Hindu BusinessLine · 5/21/2026, 5:04:03 AM

Tier 2+ town traction and margin expansion prompt Jefferies (TP Rs 600) and Morgan Stanley (TP Rs 576) to turn constructive. Management guides for 25% annual volume growth and a 25% steady-state EBITDA margin, though near-term profit drop trimmed early 6% share gains.

NDTV Profit · 5/21/2026, 4:31:04 AM

Delhivery posted 30% YoY Q4 FY26 revenue growth to Rs 2,850 Cr, yet profit stayed flat at Rs 72.3 Cr as freight costs rose 28% and employee costs 23.7%. Full-year profit slipped 6% to Rs 152.5 Cr despite 17.6% topline growth, signalling margin pressure for India's largest 3PL.

Entrackr · Newsletter · 5/16/2026, 12:58:45 PM

MS argues India's gold import duty hike and 100kg Advance Authorisation cap won't materially dent Titan, since ~50% of gold sourced via customer exchange programme. Stock rose 1.42% to Rs 4,194; brokerage flags 4QFY26-1QFY27 as key watch period.

NDTV Profit · 5/15/2026, 7:04:46 AM

Goldman sold 26.75 lakh JFS shares at ₹231.45, a 1.1% discount, to Morgan Stanley Asia. Reliance's financial arm has lost 25% in six months as lending, insurance and AMC bets struggle to scale. Q4 FY26 net profit slid 14% YoY to ₹272.2 Cr on ₹1,018.5 Cr revenue.

Inc42 · Buzz · 5/15/2026, 2:32:06 AM

Goldman sold 26.75 lakh JFS shares at ₹231.45 (1.1% discount) to Morgan Stanley Asia. The exit lands amid a 25% six-month decline and Q4 FY26 profit drop of 14% YoY to ₹272.2 Cr, even as JFS scales BlackRock and Allianz JVs.

Inc42 · 5/15/2026, 2:31:38 AM

Top-8 cities clocked 9M sq ft of retail leasing in 2025 as consumers returned to stores. Yet 15 ghost malls span 4.8M sq ft with 40%+ vacancies, forgoing INR 357 cr in annual rentals. 2026 demand of 10-11M sq ft outstrips a 5.9M sq ft Grade-A pipeline, pushing tenants to high streets yielding 10-12% vs 8% for malls.

India Retailing · 5/14/2026, 1:26:46 AM

Titan shares have dropped 8% over five sessions amid fears of a gold import duty hike to 10%, but Morgan Stanley stays overweight with a Rs 5,212 target. The brokerage argues over 50% of Titan's gold comes from customer exchanges, insulating margins from duty shocks. Stock trades at Rs 4,021, down 0.8% intraday.

NDTV Profit · 5/13/2026, 5:28:08 AM