Jeweller blames Valcambi reporting confusion after SEBI's interim order alleging FY21-FY25 misstatements, suspicious Rs 11,400 crore Affluence broker trades, and MD Mehta's personal derivative dealings. Stock fell 5% as 97-99% of consolidated revenue ties to overseas subsidiaries.

Indian Express · Business · 6/4/2026, 4:23:07 PM

SEBI's interim order accuses gold-jewellery exporter Rajesh Exports of inflating revenues by Rs 15.15 lakh crore over FY21-25 and bars promoter Mehta from securities dealings pending forensic audit. Mutual funds held just 0.5% since March 2016, but LIC's stake rose from 1.99% to 11.22%, with FPIs at 14.2%.

Indian Express · Business · 6/4/2026, 4:04:35 PM

Interim order against promoter Rajesh Mehta cites 97-99% of FY21-FY25 revenues routed through overseas subsidiary Valcambi, with ₹11,487 cr in disputed sales and ₹7.4 cr in personal transfers. Forensic audit ordered; stock hit 5% lower circuit at ₹103.92, down 80% over three years. LIC holds 10.8%.

Outlook Business · 6/4/2026, 8:55:01 AM

A 109-page SEBI interim order accuses Rajesh Mehta of misrepresenting Rs 15.15 lakh crore in revenue across FY21-FY25 — 99.8% of consolidated topline — and diverting funds. REL shares fell 5% and LIC, holding 10.80%, slid 1%. The Bengaluru-based gold major had acquired Swiss refiner Valcambi for $400M in 2015.

ET Small Business · 6/4/2026, 8:40:27 AM

Rajesh Exports Chairman Rajesh Mehta has publicly contested SEBI's interim order alleging Rs 15.15 lakh crore revenue misrepresentation across FY21-FY25 through overseas subsidiaries and fund diversion. The regulator flagged Rs 12,726 crore shareholder wealth erosion. A detailed rebuttal is promised, with LIC and Canara Bank exposures in focus.

NDTV Profit · 6/4/2026, 7:05:51 AM

Goldman flags cigarette tax drag on ITC (TP Rs 330) even as FMCG grows 15% YoY. Jefferies backs Nykaa (TP Rs 350) on >25% beauty growth; CLSA outperform on Honasa (TP Rs 434) as Mamaearth turnaround builds with revenue +23% YoY. Morgan Stanley overweight LG India (TP Rs 1,726) on premiumization.

Times of India · Business · 5/25/2026, 2:43:33 AM

Beauty and packaged-foods retailers post a strong Q4FY26: Nykaa net profit jumps 4x YoY on 28% revenue growth and Rs 5,421 cr GMV; Mamaearth-parent Honasa profit leaps 178% to Rs 69.43 cr; Bikaji profit climbs 26% to Rs 63 cr. Consumer-discretionary momentum diverges from LG India, where profit slipped 8.2%.

Business Today · Latest · 5/22/2026, 2:17:18 AM

FY26 revenue up 15% to ₹351.7 cr, PBT up 30% to ₹32.2 cr. Investing double-digit crores in AI, expanding Mumbai studio, targeting 20-30 consulting projects. Contrarian bet against global Big Four unbundling, with Indian ad market seen growing 10.5% to ₹1.66 trn in 2026.

Mint · Companies · 5/21/2026, 9:59:26 AM

Over 170 companies post Q4FY26 results today, with retail-relevant prints from ITC, Nykaa, LG Electronics India, Mamaearth parent Honasa and Bikaji Foods. JSW Cement profit rises multifold; LIC and GAIL also in focus. Margin trajectory and rural demand commentary will set the tone for consumer names.

NDTV Profit · 5/21/2026, 7:03:49 AM

Heavy Q4 print day for Indian consumer names. ITC seen flat at Rs 18,032 cr revenue on cigarette volume pressure. Nykaa parent FSN at Rs 2,609 cr, Honasa (Mamaearth) Rs 623 cr, Page Industries Rs 1,184 cr, LG Electronics India Rs 8,129 cr. Sets tone for FY26 consumption read.

NDTV Profit · 5/21/2026, 4:31:27 AM

A heavy Q4 results day lands on 21 May 2026 with consumer and retail bellwethers in focus. ITC, Honasa Consumer, Lenskart, Nykaa, Page Industries, Lux, Bikaji Foods, Emami, Spencers Retail, Wakefit, Credo Brands, Juniper Hotels and LG Electronics India headline the print, offering a broad read on FY26 demand, margin and store-economics trends.

The Hindu BusinessLine · 5/21/2026, 3:34:10 AM

Kotak pegs Nykaa Q4FY26 GMV growth at 27% with EBITDA margin expanding 110bps to 7.6% and net profit up 180% YoY. Fashion GMV seen up 32%. ITC FMCG revenue forecast at +11% with 37% EBIT growth, though cigarette volumes stay flat. LIC also reports today.

Mint · Markets · 5/21/2026, 3:30:03 AM

Heavy retail earnings session: Nykaa, ITC and LG Electronics India report Q4 today. Already on the tape: Lenskart Q4 net profit fell 9% YoY to ₹200 cr, Whirlpool India PAT dropped 32.7% to ₹80.2 cr, and Ola Electric narrowed losses to ₹500 cr from ₹870 cr. Aditya Birla Capital flagged a ₹4,000 cr preferential issue.

Mint · Markets · 5/21/2026, 2:29:07 AM

Imagicaaworld Entertainment has approved a ₹100 crore strategic investment into Shanku's Water Park in Mehsana, marking a deliberate move into high-growth regional leisure markets beyond metro hubs. The deal extends its footprint across Gujarat's Ahmedabad-Gandhinagar-Mehsana corridor and signals consolidation in India's fragmented amusement park sector.

The Hindu BusinessLine · 5/19/2026, 2:22:23 AM

Over 500 listed firms report Q4FY26 results May 18-23, with consumer names Nykaa, Lenskart, ITC and Ola Electric in focus. Nykaa revenue tracking +26% YoY on Fashion NSV +33% and BPC GMV/NSV +24%. Ola Electric set for revenue -51% YoY as volumes drop 59% and EBITDA loss widens to Rs2.2bn.

Mint · Markets · 5/17/2026, 6:39:34 AM