ICICI Securities reviews DOMS, United Breweries and Orkla India after Q1
ICICI Securities reiterated constructive views on DOMS Industries, United Breweries and Orkla India following their June-quarter results. The brokerage also raised Inox India’s target price to Rs 2,010 from Rs 1,660, while downgrading the stock to Add after its rally.
ICICI Securities reviewed June-quarter results for DOMS Industries, United Breweries, Inox India and Orkla India. It retained constructive calls on the consumer-facing companies, while raising Inox India’s target price but cutting its rating after a sharp stock rally.
Why this matters
The review follows DOMS’ Q1 revenue growth of 19% and profit decline of 22%, with prior signals attributing margin pressure to higher input costs.
Retail-company signals are accelerating, up 207500% QoQ.