Things I compiled yesterday as part of my stock research activities.
Key Quarterly Results
Key Updates
🟥 Maruti Suzuki hikes prices up to ₹30,000 from June 2026. Second increase this year as input costs stay elevated. Budget models (Alto, WagonR) face the steepest percentage increase. Cost pass-through over volume signals margin-first thinking.
🟩 Grasim’s Birla Opus targets ₹10,000 Cr in revenue and the No. 2 position in decorative paints by FY27. FY26 was its first full year. Asian Paints holds roughly 50% market share.
🟩 Page Industries reports 10.8% volume growth in FY26, its highest in three years. Jockey’s India distributor had two years of inventory normalization post-COVID. Double-digit volumes returning to a premium brand signals genuine demand recovery.
🟩 Jubilant Foodworks targets 230-250 new stores in FY27 and reiterates 5-7% LFL growth. Q1 FY27 expected to beat Q4 FY26. Domino’s India franchisee. 5,000+ store target.
🟩 AurionPro Solutions wins a $33 million, 3-year US fintech deal. Largest-ever deal in the region, expanding an existing client into AI, cloud, and DevOps.
🟩 Force Motors targets 12-15% growth. Mumbai Police adopted 100 Urbania vans, prompting other government departments to evaluate the model. Government fleet adoption turns a commercial vehicle into a recurring institutional procurement cycle.
🟩 WeWork India CEO says FY27 is the company’s strongest-ever opening position, with deep demand and operating leverage. India is the profitable exception in the global WeWork story.
🟩 India’s May HSBC Flash PMI: Services 58.9, Manufacturing 54.3, Composite 58.1. India stays in expansion for the 58th consecutive month. But export orders are at a 19-month low. Domestic demand holds.
🟥 India’s leather and footwear exports fell 1.6% YoY to $4.75 Bn in FY26, hit by US tariffs and West Asia disruptions. India is the world’s second-largest leather exporter.
🟥 India faces elevated memory prices for 12-18 months as AI redirects DRAM supply away from smartphones. The three dominant suppliers cannot ramp fast enough. Indian smartphone prices rose 20-25% in 6 months. Budget smartphone models bear the brunt.
That’s it for today.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.