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Bikaji Foods Q3 FY26 PAT Surges 122% YoY to ₹622 Mn; EBITDA Margins Expand 466 Bps
Bikaji Foods reported a strong Q3 FY26 with revenue growth of 10.7% YoY to ₹7,900 mn, supported by an 8.4% increase in volumes. Profitability saw a massive jump as PAT rose 122.3% YoY to ₹622 mn, driven by favorable raw material costs and strategic cost-efficiency programs. While the packaged sweets segment declined 17.1% due to seasonal shifts, the core ethnic snacks and western snacks segments grew by 13.3% and 22.6% respectively. Export markets and the retail business remained high-growth areas, with exports up 39.1% and retail revenue nearly doubling during the quarter.
Key Highlights
Q3 PAT grew by 122.3% YoY to ₹622 mn, while EBITDA jumped 77.1% to ₹984 mn
EBITDA margins expanded significantly by 466 bps YoY to reach 12.5% in Q3 FY26
Export revenue showed robust momentum with 39.1% YoY growth in Q3 and 58.7% in 9M FY26
Retail business revenue nearly doubled in Q3 to ₹471 mn, reflecting improved store productivity
Ethnic snacks, the largest segment, grew 13.3% YoY and contributes 67.4% to total revenue
💼 Action for Investors
Investors should take note of the significant margin expansion and strong volume growth despite seasonal fluctuations in the sweets category. The company's aggressive export growth and retail expansion make it a compelling long-term play in the organized snacks sector.
Canara HSBC Life Q3 FY26: VNB Jumps 37% YoY to ₹413 Cr with 19.7% Margin
Canara HSBC Life reported a robust 9M FY26 performance with individual weighted premium income growing 20% YoY, significantly outperforming the private industry average of 13%. The Value of New Business (VNB) surged 37% to ₹413 crores, supported by a 200 bps margin expansion to 19.7% despite GST and labor code impacts. Adjusted Profit After Tax (PAT) rose 19% YoY to ₹101 crores, excluding a one-off labor code provision. The company is actively diversifying its distribution mix by launching an agency channel and plans to raise ₹250 crores in subordinate debt to fuel further growth.
Key Highlights
Individual Weighted Premium Income (WPI) grew 20% YoY for 9M FY26, with Q3 growth accelerating to 29%.
VNB Margin improved to 19.7%, driven by higher rider attachments in ULIPs and 50% growth in the Credit Life segment.
13-month persistency ratio improved to 85.6% from 82.5%, while the total expense ratio decreased by 130 bps to 18.7%.
Indian Embedded Value (IEV) reached ₹6,868 crores, representing a 17% year-on-year increase.
Board approved raising ₹250 crores through subordinate debt to strengthen solvency and support channel expansion.
💼 Action for Investors
Investors should view the margin expansion and outperformance relative to the industry as strong indicators of operational efficiency. Monitor the scaling of the newly launched agency channel and the impact of subordinate debt on the company's long-term solvency and growth capacity.
PC Jeweller Q3 PAT Rises 28% to ₹187 Cr; Plans 100 Large Franchise Showrooms
PC Jeweller reported a strong Q3FY26 with standalone revenue growing 37% YoY to ₹875 crores and PAT increasing 28% to ₹187 crores. The company is executing an aggressive expansion strategy, planning to open 100 large franchise showrooms within 12-18 months and 1,000 small units under a UP government initiative. Significantly, the firm has reduced its debt by 68% since September 2024 and expects to be debt-free by March 2026. However, auditors maintained a qualification regarding ₹183 crore in export discounts and ₹1,683 crore in overdue receivables.
Key Highlights
Q3FY26 standalone revenue increased 37% YoY to ₹875 crores, while EBITDA grew 46% to ₹225 crores.
Company aims to become debt-free by March 2026, supported by ₹1,296 crores expected from warrant conversions.
Board approved opening 100 large franchise showrooms and 1,000 small units via the CM-YUVA scheme in Uttar Pradesh.
Inventory and showroom keys previously held by DRAT have been fully restored to the company following settlement compliance.
Auditors highlighted ₹1,683.19 crore in export receivables outstanding for over 9 months and ₹183.16 crore in unapproved discounts.
💼 Action for Investors
The company's operational turnaround and debt reduction plan are progressing well, making it a strong recovery play. Investors should watch for the successful realization of warrant funds by March 2026 and any regulatory resolution regarding the legacy export receivable issues.
Metro Brands Re-appoints Nissan Joseph as CEO for a 5-Year Term
Metro Brands Limited has announced the re-appointment of Mr. Nissan Joseph as the Chief Executive Officer for a second term of five years, effective July 1, 2026. Mr. Joseph, who possesses over 22 years of global brand management experience across 20 countries, will continue to lead the company until June 30, 2031. This decision by the Board ensures leadership stability and continuity for the footwear retailer as it pursues its next stage of growth. The re-appointment reflects the board's confidence in his vision and operational rigor.
Key Highlights
Re-appointment of Nissan Joseph as CEO for a 5-year term starting July 1, 2026.
The new tenure is set to run through June 30, 2031, ensuring long-term management stability.
Mr. Joseph brings over 22 years of retail expertise from 20 countries, including the USA and South Korea.
He has previously led major global brands such as Crocs, Payless Shoes, and Planet Sports.
💼 Action for Investors
Investors should view this leadership continuity positively as it reduces management transition risks. Maintain a long-term outlook on the stock as the current leadership's strategy remains in place.
Metro Brands Q3 FY26: Revenue Grows 15% YoY; Digital Sales Surge 24%
Metro Brands Limited reported a strong 15% revenue growth in Q3 FY26, bolstered by festive demand and a GST reduction on footwear priced below ₹2,500. The company's digital and omni-channel segment outperformed with 24% growth, now contributing 12% to the total revenue. Expansion remains aggressive with 100 new stores added in the first nine months of the fiscal year, bringing the total network to 990 stores. While Foot Locker expansion is temporarily moderated by BIS-related supply issues, the localization of FILA manufacturing and the launch of MetroActiv signify strategic diversification.
Key Highlights
Revenue increased by 15% in Q3 FY26 and 12% for the 9M FY26 period.
E-commerce and omni-channel sales grew 24% in Q3, contributing 12% of total revenue.
Net addition of 82 stores in 9M FY26 (100 opened, 18 closed), reaching 990 stores across 212 cities.
FILA footwear manufacturing localized in India with 2-3 exclusive outlets planned for Q4.
MetroActiv launched in Indore, Dehradun, and Jodhpur alongside a new dedicated website.
💼 Action for Investors
Investors should view the strong revenue growth and digital traction as positive indicators of market share gains. Monitor the resolution of BIS-related supply challenges for external brands which may impact the Foot Locker rollout in the short term.
Maruti Suzuki: NCLAT Hearing on CCI Order Adjourned to February 27, 2026
Maruti Suzuki has announced that the National Company Law Appellate Tribunal (NCLAT) has adjourned the hearing regarding the 2021 Competition Commission of India (CCI) order. The hearing, which was scheduled for January 27, 2026, was not taken up and has been rescheduled for February 27, 2026. This legal matter involves an appeal against a CCI order dated August 15, 2021, for which Maruti Suzuki currently holds an interim stay. This is a continuation of a long-standing legal process with over 30 previous disclosures on the matter.
Key Highlights
NCLAT hearing scheduled for January 27, 2026, was adjourned without being taken up.
The next date for the hearing is now set for February 27, 2026.
The case pertains to an appeal against the CCI order issued on August 15, 2021.
This update marks the 31st formal disclosure regarding the timeline of this specific legal proceeding.
💼 Action for Investors
No immediate action is required as this is a routine procedural delay in a long-running legal case. Investors should continue to monitor the final outcome for any potential impact on the company's provisions or cash flows.
Metro Brands Q3 PAT Rises 33% to ₹125 Cr; Declares ₹3 Interim Dividend
Metro Brands reported a strong performance for Q3 FY26, with standalone revenue growing 14.7% year-on-year to ₹789.18 crore. Net profit saw a significant jump of 33% to ₹125.19 crore compared to the same quarter last year, reflecting improved operational efficiency. The company declared an interim dividend of ₹3.00 per share with a record date of February 02, 2026. Additionally, the board ensured leadership stability by re-appointing Nissan Joseph as CEO for another five-year term starting July 2026.
Key Highlights
Standalone Revenue from operations increased to ₹789.18 Cr, up from ₹687.86 Cr in the previous year's quarter.
Profit After Tax (PAT) grew 33% YoY to ₹125.19 Cr for the quarter ended December 31, 2025.
Declared an interim dividend of ₹3.00 per equity share (60% of face value) with a record date of February 02, 2026.
CEO Nissan Joseph re-appointed for a 5-year term starting July 01, 2026, ensuring management continuity.
Basic EPS for the quarter improved to ₹4.60 from ₹3.46 in the corresponding quarter of the previous year.
💼 Action for Investors
Investors should take note of the robust double-digit growth in both revenue and profit, which reinforces the company's strong position in the premium footwear market. The dividend declaration and CEO re-appointment provide both immediate yield and long-term leadership clarity.
Aeroflex Enterprises Shareholders Approve Disinvestment of Stake in M.R. Organisation Ltd
Shareholders of Aeroflex Enterprises Limited (formerly SAT Industries) have approved a special resolution for the disinvestment of the company's stake in its material subsidiary, M.R. Organisation Limited (MRO). The resolution was passed with a near 100% majority of the votes cast during the EOGM held on January 27, 2026. Total voting turnout represented 64.70% of the total shares, with 7.31 crore votes in favor and only 106 votes against. This move indicates a significant strategic shift in the company's asset portfolio.
Key Highlights
Special resolution passed for disinvestment of stake in material subsidiary M.R. Organisation Limited.
Total votes polled reached 7,31,64,350, representing 64.70% of the total 11.30 crore shares.
Approval rate was effectively 100%, with 7,31,64,244 votes in favor and negligible opposition.
Promoter group participation was 100% of their holding, contributing 5.83 crore votes in favor.
Public non-institutional participation stood at 27.40% of their total shares held.
💼 Action for Investors
Investors should monitor subsequent disclosures regarding the sale valuation and the intended use of the disinvestment proceeds. It is crucial to assess how the removal of this material subsidiary will impact the company's consolidated revenue and profit margins.
PC Jeweller Q3 PAT Rises 28% to ₹187 Cr; Plans 100 New Large Franchise Showrooms
PC Jeweller reported a strong Q3FY26 with standalone domestic revenue growing 37% YoY to ₹875 crores and PAT increasing 28% to ₹187 crores. The company is aggressively expanding its retail footprint, targeting 100 large franchise showrooms in the next 12-18 months and 1,000 small units under the CM-YUVA scheme. Debt reduction remains a priority, with a 68% reduction achieved since September 2024 and a target to be debt-free by March 2026. While operational momentum is positive, auditors maintained a qualified opinion regarding ₹183.16 crore in export discounts and ₹1,683.19 crore in overdue export receivables.
Key Highlights
Standalone domestic revenue grew 37% YoY to ₹875 crores in Q3FY26.
Net profit (PAT) increased by 28% to ₹187 crores, while 9MFY26 operating PAT grew 86% to ₹554 crores.
Approved expansion plan to open 100 large franchise showrooms within 12-18 months.
Outstanding debt reduced by 68% since September 2024, aiming for debt-free status by March 2026.
Recovered all inventory and showroom keys previously held by the Debts Recovery Appellate Tribunal (DRAT).
💼 Action for Investors
Investors should focus on the company's successful debt reduction and aggressive franchise-led expansion model which requires minimal capital. However, caution is advised regarding the long-standing auditor qualifications on export receivables and discounts.
Bharti Airtel to Host Q3 FY26 Earnings Call on February 06, 2026
Bharti Airtel has scheduled its earnings webinar for February 06, 2026, to discuss audited financial results for the third quarter and nine months ended December 31, 2025. The session will run from 2:30 pm to 3:50 pm IST and will include management from both Bharti Airtel and Bharti Hexacom Limited. A dedicated Q&A session for Bharti Hexacom is slated to begin at 3:30 pm IST. This call is a key event for investors to understand the company's recent performance and strategic outlook.
Key Highlights
Earnings call scheduled for Friday, February 06, 2026, at 2:30 pm IST
Covers audited financial results for Q3 and the nine-month period ending December 31, 2025
Joint webinar format including Bharti Hexacom Limited with a specific Q&A slot at 3:30 pm IST
Mandatory pre-registration required for participants via Zoom platform
Audio/video recordings and transcripts to be made available on the company's website post-call
💼 Action for Investors
Investors should track the call for updates on ARPU trends, 5G rollout progress, and management's guidance on debt levels. No immediate action is required as this is a routine scheduling announcement.
SMC Global to Host Q3 & 9M FY26 Earnings Call on February 3, 2026
SMC Global Securities has scheduled its earnings conference call for February 3, 2026, at 4:00 PM IST to discuss the unaudited financial results for the quarter and nine months ended December 31, 2025. The call will feature the top leadership team, including the CMDs and CEOs of various group entities, providing a comprehensive view of the company's performance. This is a routine but essential event for shareholders to understand the company's growth trajectory in the brokerage and financial services sectors. Investors can access the call via the provided primary and international toll-free numbers.
Key Highlights
Earnings call scheduled for February 3, 2026, to discuss Q3 and 9M FY26 performance.
Management representation includes CMD Mr. Subhash C. Aggarwal and Group CFO Mr. Vinod Kumar Jamar.
The session will cover results for the period ending December 31, 2025.
Participation includes heads of key subsidiaries like SMC Capitals and Moneywise Financial Services.
💼 Action for Investors
Investors should attend or review the transcript of the call to assess management's outlook on market volatility and the performance of their NBFC and discount brokerage arms. Monitor for any updates on dividend payouts or strategic expansions.
V-Guard Industries Grants 2.13 Lakh Stock Options Under ESOS 2013 at ₹1 Exercise Price
V-Guard Industries has approved the grant of 213,527 stock options to eligible employees under its ESOS 2013 scheme. These options are exercisable at a price of ₹1 per share, which is the face value, representing a significant discount to the current market price. The vesting period is spread over four years, featuring both time-based and performance-based criteria to ensure employee retention and alignment with company goals. This is a standard corporate procedure for incentivizing human capital.
Key Highlights
Grant of 2,13,527 equity options to eligible employees under the ESOS 2013 scheme.
Exercise price is set at ₹1 per option, equivalent to the face value of the shares.
Vesting period extends up to 4 years, with performance-based vesting occurring in the final year.
Employees have an exercise period of 6 years from the date of vesting.
The scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
💼 Action for Investors
This is a routine administrative announcement with negligible impact on the company's immediate financials or share price. No specific action is required as the potential equity dilution from these options is minimal.
Ramky Infrastructure Submits Q3 FY26 SEBI Compliance Certificate
Ramky Infrastructure has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that securities received for dematerialization during the quarter ended December 31, 2025, have been processed. This filing ensures that the company's shareholding records are updated with the depositories NSDL and CDSL. It is a standard procedural requirement for all listed companies in India to maintain regulatory hygiene.
Key Highlights
Compliance certificate for the quarter ended December 31, 2025
Confirmation provided by Registrar and Transfer Agent (RTA) KFin Technologies Limited
Verification of dematerialization and rematerialization of securities completed
Filing submitted to both BSE and NSE as per SEBI guidelines
💼 Action for Investors
No action is required as this is a routine regulatory filing. Investors should focus on the company's upcoming quarterly financial results for performance assessment.
Dodla Dairy Q3 FY26: Revenue Up 13.7% to ₹10,250 Mn; EBITDA Margins Contract to 7.7%
Dodla Dairy reported a healthy 13.7% YoY revenue growth to ₹10,250 million for Q3 FY26, driven by a 19.6% surge in milk sales volume. However, EBITDA margins faced significant pressure, dropping to 7.7% from 10.6% YoY due to an 11.8% rise in milk procurement costs and lower bulk sales. PAT grew 8.1% YoY to ₹687 million, but this was largely supported by a one-time tax reversal of ₹219 million. The company is actively pursuing growth with a new greenfield project in Uganda and ongoing expansion in Maharashtra.
Key Highlights
Consolidated Revenue increased 13.7% YoY to ₹10,250 Mn, while Milk Sales volume reached 13.9 LLPD.
EBITDA declined 17.3% YoY to ₹793 Mn as procurement prices rose to ₹39.83 per liter versus ₹35.62 YoY.
PAT stood at ₹687 Mn, aided by a ₹219 Mn tax reversal which offset a ₹57 Mn one-time labor code provision.
Value-Added Products (VAP) excluding bulk sales grew to 25% of total revenue compared to 23% in the previous year.
Announced a new greenfield expansion in Uganda with an estimated capital outlay of ₹500-600 Mn over two years.
💼 Action for Investors
Investors should watch for margin recovery in upcoming quarters as the company balances market share gains with rising procurement costs. The aggressive expansion in Maharashtra and East Africa offers long-term scale, but short-term profitability is currently dependent on non-operational tax reversals.
Metro Brands Declares ₹3 Interim Dividend; Q3 PAT Surges 33% YoY to ₹125 Crore
Metro Brands reported a strong Q3 FY26 performance with standalone revenue growing 14.7% YoY to ₹789.18 crore. Net profit for the quarter saw a significant jump of 33% to ₹125.19 crore, up from ₹94.12 crore in the previous year. The company declared an interim dividend of ₹3 per share and confirmed the re-appointment of Nissan Joseph as CEO for a further five-year term. Despite a one-time impact of ₹3.39 crore from new labor codes, the company maintained healthy margins.
Key Highlights
Standalone Revenue from operations increased to ₹789.18 Cr in Q3 FY26 from ₹687.86 Cr in Q3 FY25.
Profit After Tax (PAT) grew by 33% YoY to ₹125.19 Cr for the quarter ended December 31, 2025.
Declared an interim dividend of ₹3 per equity share with a record date of February 02, 2026.
Re-appointed Mr. Nissan Joseph as CEO for a 5-year term effective July 01, 2026.
Recognized a one-time provision of ₹3.39 Cr related to the implementation of New Labour Codes.
💼 Action for Investors
Investors should take note of the robust double-digit profit growth and the management's commitment to shareholder returns via dividends. The long-term re-appointment of the CEO provides leadership stability, making the stock a strong hold for growth-oriented portfolios.
Metro Brands Q3 PAT Jumps 33% YoY to ₹125 Cr; Declares ₹3 Interim Dividend
Metro Brands reported a strong performance for Q3 FY26, with standalone revenue growing 14.7% YoY to ₹789.18 crore. Net profit saw a significant surge of 33% YoY, reaching ₹125.19 crore despite a one-time impact of ₹3.39 crore due to new labour code provisions. The company declared an interim dividend of ₹3 per share with a record date of February 2, 2026. Additionally, the board approved the re-appointment of Nissan Joseph as CEO for another five-year term starting July 2026, ensuring leadership continuity.
Key Highlights
Standalone Revenue from operations increased 14.7% YoY to ₹789.18 crore.
Profit After Tax (PAT) grew 33% YoY to ₹125.19 crore for the quarter ended December 31, 2025.
Declared an interim dividend of ₹3 per equity share with a record date of February 2, 2026.
CEO Nissan Joseph re-appointed for a 5-year term effective July 1, 2026.
Recognized a one-time provision of ₹3.39 crore as past service cost for New Labour Codes.
💼 Action for Investors
Investors should take note of the robust double-digit profit growth and the company's ability to maintain margins despite regulatory cost impacts. The leadership continuity and consistent dividend payout reinforce a positive long-term outlook for the stock.
Bikaji Foods Approves ₹50Cr Retail Investment and JV for Frozen Bakery Business
Bikaji Foods has announced a major strategic expansion involving a ₹50 Crore capital infusion into its retail subsidiary to scale QSR, café, and travel catering formats. The company is also entering the high-growth frozen bakery segment through a 70:30 joint venture with the founder of 'Bakemart'. Additionally, it is investing ₹25 Crore in Jai Barbareek Dev Snacks via convertible debentures and providing ₹13 Crore in loans to manufacturing partners. These moves signal a significant shift towards becoming a diversified food services player beyond traditional snacks.
Key Highlights
Approved ₹50 Crore additional investment in Bikaji Foods Retail Limited for QSR and café expansion.
Formed a 70:30 Joint Venture with Bakemart founder to enter the frozen bakery market in India.
Authorized ₹25 Crore investment in Jai Barbareek Dev Snacks via 2.5 Crore Optionally Convertible Debentures.
Approved loans of ₹5 Crore to subsidiary Petunt Food and ₹8 Crore to contract unit Dadiji Snacks.
Retail expansion targets diverse formats including mobile food stations, kiosks, and food chains.
💼 Action for Investors
Investors should view these strategic investments as a positive move toward higher-margin retail and bakery segments. Monitor the execution of the QSR rollout and the scaling of the frozen bakery JV as key growth drivers.
Shyam Metalics Releases Q3 & 9M FY26 Earnings Call Audio Recording
Shyam Metalics and Energy Limited has officially released the audio recording of its investor conference call regarding the financial results for the third quarter and nine months ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI (LODR) Regulations, 2015. The recording provides investors with direct access to management's discussion on the company's operational performance and financial health for the period. It serves as a critical resource for understanding the context behind the reported numbers and future guidance.
Key Highlights
Audio recording for Q3 and 9M FY26 earnings call made available on January 27, 2026.
Compliance with Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations.
The call covers financial performance for the period ending December 31, 2025.
Recording link is hosted on the company's official website for public access.
💼 Action for Investors
Investors should listen to the recording to understand management's perspective on steel sector trends and capacity utilization. This will provide better clarity on the company's growth trajectory beyond the raw financial data.
Dev IT Achieves Prestigious CMMI Maturity Level 5 Rating for Development Excellence
Dev Information Technology Limited has achieved the CMMI Maturity Level 5 rating, the highest possible standard for organizational maturity in software development. This appraisal signifies that the company uses quantitative, data-driven approaches to optimize its processes and efficiency. This certification is expected to enhance the company's ability to secure large-scale, stringent international projects. Financially, the company reported a total income of ₹1,839.09 million and a net profit of ₹147.80 million in FY25.
Key Highlights
Achieved CMMI Maturity Level 5, Version 3.0, the highest level of organizational maturity.
Appraisal conducted by CUNIX Quality and Management Pvt. Ltd. to validate process excellence.
Reported FY25 Consolidated Total Income of ₹1,839.09 million and Net Profit of ₹147.80 million.
Certification enables the company to meet stringent national and international project requirements.
💼 Action for Investors
This certification improves the company's competitive edge in bidding for high-value global contracts. Investors should monitor if this leads to improved order book growth and higher margins in the coming quarters.
Asian Paints Q3 FY26: Net Sales up 3.9% to ₹8,850 Cr; Volume Growth at 7.9%
Asian Paints reported a resilient Q3 FY26 with consolidated net sales rising 3.9% YoY to ₹8,850 crores, driven by a 7.9% volume growth in the domestic decorative business. Gross margins expanded by 200 bps to 44.3% due to raw material deflation and sourcing efficiencies, despite a compressed festive season. However, reported PAT was impacted by exceptional items totaling ₹157.6 crores, including a ₹93.87 crore impairment on the White Teak acquisition and ₹63.74 crore for labor code adjustments. The industrial segment showed strong momentum with revenue growth exceeding 16% in both PPGAP and APPPG ventures.
Key Highlights
Domestic decorative volume grew 7.9% YoY, though value growth was lower at 2.8% due to price decreases and product mix.
Consolidated PBDIT increased by 8.8% to ₹1,781 crores, with PBDIT margins improving 90 bps to 20.1%.
Industrial business segments PPGAP and APPPG delivered robust revenue growth of 16.5% and 16.9% respectively.
Exceptional loss of ₹157.61 crores recognized, primarily due to impairment of White Teak intangibles and gratuity liabilities.
International business revenue grew 6.3% to ₹870 crores, with PBT margins improving 140 bps to 8.8%.
💼 Action for Investors
Investors should monitor the widening gap between volume and value growth, which suggests competitive pricing pressure in the core decorative segment. While operational margins are healthy, the impairment charge on the White Teak acquisition indicates potential challenges in scaling the non-paint home decor business profitably.