Page 33 - Industry Report
Mixed Q1 results for top drug firms amid price erosion, tariff threat
Fresh launches boosted growth for players like Lupin, Torrent
 "Mixed Q1 results for top drug firms amid price erosion, tariff threat")
IT companies' valuation hits 5-year low amid selloff by investors
The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years
 "IT companies' valuation hits 5-year low amid selloff by investors")
FMCG firms kept Q1 ad spends tight, plan to ramp up in coming quarters
Dabur, Britannia, and Marico cut or rationalised ad spends in Q1 to protect margins but plan higher investments ahead to boost brands, sales, and market presence
 "FMCG firms kept Q1 ad spends tight, plan to ramp up in coming quarters")
Bond windfall cushions NII strain for PSBs as margins shrink on rate cuts
Public sector banks saw Q1 FY26 profit rise 10.6% YoY on treasury gains and lower provisions, while NII was flat as lenders passed on policy rate cuts to customers
 "Bond windfall cushions NII strain for PSBs as margins shrink on rate cuts")
Festive discounts remain high as carmakers rush to clear inventory
With Rakshabandhan and Ganesh Chaturthi falling during the month, the discounts are almost at a similar level as compared to last year
 "Festive discounts remain high as carmakers rush to clear inventory")
Tycoons who profit from India's increasing demand for Russian oil
This week, Jamnagar was the backdrop for a grittier story: Its oil - some of which is imported from Russia - has become a sticking point in US-Indian relations
 "Tycoons who profit from India's increasing demand for Russian oil")
IT sector braces for slower growth trajectory as US tariff tensions mount
Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month
India's retail sector among fastest growing consumer markets globally: RIL
Reliance says India's retail sector is poised for sustained growth, backed by tech, rural demand, and income gains, while citing challenges in rentals and manpower
 "India's retail sector among fastest growing consumer markets globally: RIL")
Avanti Feeds, Apex Frozen slip up to 5%. Why shrimp stocks under pressure?
Avanti Feeds and Apex Frozen dropped 5% each after the US President Donald Trump doubled the tariff rate on imports from India to 50%.
 "Avanti Feeds, Apex Frozen slip up to 5%. Why shrimp stocks under pressure?")
From TCS to Wipro, India's top IT companies a gravy train for shareholders
Top Indian IT firms returned over ₹6.4 trillion to shareholders in 10 years while reinvesting just ₹1.2 trillion, raising questions amid slowing growth and AI-led churn
 "From TCS to Wipro, India's top IT companies a gravy train for shareholders")
ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations
Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil
 "ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations")
Nomura's top FMCG picks: GCPL, Marico, Tata Cons to gain from rural revival
With the 2025 monsoon tracking above normal and kharif sowing gaining momentum, the brokerage expects these FMCG names to benefit from a broad-based recovery in volumes.
 "Nomura's top FMCG picks: GCPL, Marico, Tata Cons to gain from rural revival")
Q1 show brightens outlook for MF firms; analysts expect stocks to gain
In Q1, three of the four AMCs registered double-digit profit growth compared to the same quarter last year
 "Q1 show brightens outlook for MF firms; analysts expect stocks to gain")
Food companies saw margin squeeze in Q1, expect reprieve this quarter
Impact of raw material inflation lingers; margin recovery expected from Q2 onwards
 "Food companies saw margin squeeze in Q1, expect reprieve this quarter")
Skid marks on the quarter but Hyundai Motor India keeps its grip
Volume and revenue dips mar Q1, but rural traction and export gains keep automaker from sliding off course
 "Skid marks on the quarter but Hyundai Motor India keeps its grip")
For India's IT cos, growth in Europe may only be a temporary relief
Infosys, TCS, and others ride strong European demand, yet analysts say real recovery needs a US rebound in BFSI, retail, and manufacturing sectors
 "For India's IT cos, growth in Europe may only be a temporary relief")
Textile stocks slip up to 9% on US tariff; should you buy, hold or sell?
In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.
 "Textile stocks slip up to 9% on US tariff; should you buy, hold or sell?")
Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs
Trump on Wednesday called India's tariffs on US exports among the highest in the world, with the most strenuous non-monetary trade barriers of any country, in a post on Truth Social
 "Pharma Inc hopes for fair deal as Donald Trump announces 25% tariffs")
Demand to drive gems & jewellery growth as exports slow: Crisil SME tracker
This highly fragmented and labour-intensive industry is characterised by low capital intensity and high reliance on imported inputs, such as gold and rough diamonds
 "Demand to drive gems & jewellery growth as exports slow: Crisil SME tracker")
IT stocks brace for more pain post muted Q1 show; analysts share strategy
The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent
 "IT stocks brace for more pain post muted Q1 show; analysts share strategy")