🗞️ Daily Business Brief – OCT 30 2025
- Lenskart Solutions IPO – Anchor book receives bids worth ₹68,000 Cr, nearly 10× the issue size and 20× the anchor portion. FIIs form 52% of the book with participants including BlackRock, GIC, Fidelity, Nomura & Capital International; domestic MFs include SBI, ICICI Pru, HDFC, Kotak & Birla. Over 70 investors participated; formalisation expected tonight.
- V2 Retail – Launches ₹300 Cr QIP, scalable up to ₹400 Cr, as per sources to @Journoruchit.
- Reliance Jio–Google – Partner to offer free Gemini AI Pro services to Jio users; early access for ages 18–25, full rollout soon.
- BEL (Bharat Electronics) – Bags defence orders worth ₹732 Cr for software-defined radios, tank subsystems, communication equipment & cyber security solutions.
- First Trump–Xi Meeting Outcome – US tariffs on Chinese exports cut to 47%; China pauses rare earth curbs for 1 year, resumes US soybean purchases; Trump to visit China in April next year.
- MEA – Confirms some Indian companies have received licenses to import rare earth magnets from China; studying US sanctions on Russian oil companies.
- Cipla – Shares nosedive as MD & CEO Umang Vohra announces he won’t seek reappointment, citing completion of his strategic term; reassures of strong professional management & leadership depth.
- Exide Industries – Postpones board meet for results as Income Tax Department conducts survey at offices & manufacturing units since Oct 29, 2025.
- LT Foods – Projects 15% normalized revenue growth in FY26 driven by Global Green Europe acquisition (€40M turnover), basmati exports & premiumization; targets EBITDA margin above 14%, ROCE 22%, global expansion across 80+ countries, ₹14,000 Cr market cap & AA credit rating.
- Adani Power – Targets 41,870 MW capacity by FY32 (from 18,150 MW); 23,720 MW locked-in; new PPAs of 6.6 GW under SHAKTI policy; expects EBITDA above ₹24,000 Cr in FY26, net debt/EBITDA at 1.75×, ROCE near 20% with growth from Pirpainti & Anuppur projects.
- Bata India – Plans to cross 2,000 stores by FY26, adding 200 franchises annually; digital sales up 25% YoY; focusing on premium brands like Hush Puppies & Power; inventory efficiency boosts stock turns 1.9×; aims higher ASPs and profitability recovery.
- Gravita India – Targets 25%+ CAGR with ₹4,000 Cr revenue & ₹600 Cr EBITDA by FY27 via 410,000 TPA recycling capacity expansion; strong presence in Africa & Asia; expects sustainable margins above 15% and high ROCE.
- Pidilite Industries – Sees 10–11% revenue growth in FY26 with 24–25% EBITDA margins; 10% UVG in consumer & 11% in B2B; new Fevicol, Roff & Dr. Fixit launches; 70% renewable energy mix supports growth and margin stability.
- Hindustan Unilever – NCLT sanctions demerger of its ice cream business.
- Adani Green Energy – Subsidiaries sign power consumption agreements for supply of 60 MW solar-wind hybrid power to C&I customer.
- Nippon Life India – Projects 15–17% AUM CAGR till FY27; retail SIP inflows & passive expansion drive 38%+ operating margins; focus on digital & global mandates to sustain double-digit profit growth.
- Dabur – Eyes 8–10% revenue growth in FY26 with 20 bps margin expansion; supported by rural recovery, GST-led demand, and premium portfolio growth across healthcare, HPC & beverages.
- Bandhan Bank – Plans rebound in FY26 with ₹1.4 Lakh Cr loan book, 10–12% AUM growth, 54.9% secured mix, GNPA 5%; aims 1%+ ROA by FY27 with retail deposit & digital expansion.
- Navin Fluorine – Projects 42% sales growth and 118% EBITDA jump in FY26; ₹310 Cr capex for HFC & MPP debottlenecking; expects 30%+ margins led by specialty chemicals & CDMO scale-up.
- Oriental Carbon & Chemicals (OCCL) – Guides for 15–18% revenue growth with 16.8% EBITDA margin; anti-dumping duties on imports, green energy transition, and tyre sector recovery to drive growth.
- TD Power – Expects 20%+ revenue growth with record export orders; strong demand for rotating equipment; domestic infra revival & OEM partnerships to boost cash flows.
- Great Eastern Shipping – Contracts to buy an Ultramax dry bulk carrier, expanding fleet capacity.
- DLF – Expects ₹210 Bn annual pre-sales with 20% YoY growth; ₹50 Mn SFT rental portfolio by FY27; rental income at ₹1,362 Cr (+15% YoY); maintains AA+ credit rating & ₹7,700 Cr net cash.
- IIFL Finance – Targets ₹1 Lakh Cr AUM by FY26 with 70% secured mix, 15% ROE, 2% GNPA; expanding gold loan business (+220% YoY); Fitch outlook upgraded to Positive.
- Lodha (Macrotech Developers) – Projects ₹210 Bn pre-sales and ₹77 Bn OCF in FY26; ₹250 Bn GDV new launches; ₹15 Bn rental income goal by FY31; aims 20% growth and ROE >20% with net debt <0.5×.
- Motilal Oswal Financial Services (MOFSL) – Guides for 20–22% PAT CAGR; AUA to surpass ₹6 Trillion; fee-based revenue to reach 80%; strong AMC, wealth & alternates expansion through FY27.
- ASK Automotive – Projects 14–16% FY26 revenue growth with ~14% EBITDA margins; driven by EV braking systems, aluminum lightweighting & global JVs; aims for export-led expansion.
- Adani Enterprises – Adani Airports signs strategic deal with Aionos for agentic AI solutions.
- Time Technoplast – Secures orders worth ₹1.9 Bn.
- MTAR Technologies – Receives ₹263.54 Cr orders from international customer; execution between Q3 FY26 & Q2 FY27.
- Hyundai Motor India – Expects Q3 commodity cost rise; to work on cost optimization measures.
- BEML – Signs 3 non-binding MoUs worth ₹350 Cr with Dredging Corporation of India for dredger building & indigenous spares supply.
- Tata Consultancy Services (TCS) – Partners with Tata Motors for 5-year ESG data automation collaboration to accelerate sustainability reporting.
- LTIMindtree (LTIM) – Launches Blueverse™ with OGI, an AI-driven ITSM platform to enhance productivity & operational efficiency.
- Hospitals–Insurance Cos – Agree to keep treatment costs unchanged for CY2026 as part of a new industry-wide cost-freeze pact (Source: Zee Business).
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