Equirus tags Eternal, Tata Consumer, Marico among top picks as retail leads Q4 earnings recovery
Equirus says internet and retail were the strongest sectors in 4QFY26, with retail earnings up 20%+. Eternal posted 19% YoY NOV growth at 5.5% EBITDA margin (TP Rs 370); Blinkit NOV surged 95%. Swiggy GOV rose 22.6% with margins at 3.3%. Nykaa Fashion turned EBITDA-positive. Top picks also include Arvind Fashions and Gokaldas Exports.
Equirus highlights 4QFY26 earnings recovery with internet/retail among strongest sectors. Eternal, Swiggy, Blinkit posted record growth; Nykaa Fashion turned EBITDA-positive. Top picks include Eternal, Tata Consumer, Marico, Arvind Fashions and Gokaldas Exports with upside targets.