Several major banks reported strong quarterly performance with significant growth in key metrics. HDFC Bank demonstrated robust expansion with gross advances growing 15.4% to ₹30.61 lakh crore compared to ₹26.53 lakh crore in the previous year. Deposits increased 14.7% to ₹31.70 lakh crore versus ₹27.64 lakh crore, while CASA deposits rose 9.4% to ₹10.25 lakh crore. Kotak Mahindra Bank showed equally impressive performance with net advances soaring 15.1% to ₹5.12 lakh crore and total deposits growing 11.7% to ₹5.72 lakh crore. Yes Bank reported loans and advances surge of 18.4% to ₹2.85 lakh crore with deposits jumping 14.3% to ₹3.15 lakh crore. Axis Bank also contributed strong performance with gross advances growing 18.8% YoY to ₹12.73 lakh crore and total deposits increasing 18.2% to ₹13.73 lakh crore.
Indian markets surged for a third straight day, buoyed by global sentiment and strong performance from heavyweight stocks like HDFC Bank and YES Bank. Analysts note a technical breakout, with the Nifty finally breaking out of its consolidation range of 23,800–24,200 and moving closer to the next key hurdle, the 200-day EMA. While the overall trend has turned positive, the pace of advance may remain gradual due to resistance from the long-term moving average and previous swing high in the 24,450–24,600 zone. The sustained buying in select heavyweight counters has supported the market momentum across sectors.
Nykaa provided positive guidance with consolidated gross merchandise value (GMV) and net sales value (NSV) growth expected in the early thirties percent range for Q1 FY2027. The company commenced FY2027 on a strong note with consolidated net revenue growth expected to accelerate to near thirties, marking one of the strongest quarters in recent past. This growth uplift was driven by excellent performance of the Fashion vertical, along with steady momentum in the Beauty vertical, both seeing robust customer acquisition. The Beauty vertical is expected to deliver healthy quarterly performance with NSV and net revenue growth in the late twenties percent range, while the Fashion vertical's NSV growth is expected to reach mid-fifties percent range with accelerated net revenue growth close to 50%, marking its best showing in several quarters. The Nike partnership has delivered encouraging early results, further reinforcing Nykaa Fashion's premium brand proposition across women's, men's, kids' and home categories.
Senco Gold reported exceptional growth with revenue increasing 60% and retail revenue rising 48%. Same-store sales growth stood at 38% while diamond jewellery sales value increased 40% with diamond volume growing 15%. The company expanded its network by opening 8 new showrooms in Q1, bringing the total to 208 stores. L&T Finance showed strong retail performance with retail disbursements growing 36% to ₹23,800 crore and retail loan book increasing 28% to ₹1.27 lakh crore. AWL Agri Business reported mid-single digit volume growth with food & FMCG revenue growing over 20% and rice revenue surging over 40%.
PTC India secured a significant Power Purchase Agreement with NTPC Renewable Energy for 1,200 MW of solar power under a bilateral arrangement. ICICI Prudential Life Insurance received a Letter of Award worth ₹102.27 crore from NHAI for user fee collection agency services. GK Energy received substantial orders with ₹235.92 crore and ₹353.89 crore contracts from MSEDCL for off-grid solar water pumping systems. Vedanta Power reported a 38% year-on-year rise in power sales for Q1, with total power sales rising to 5,225 million units compared with 3,784 million units in the same period last year, helped by sharp increase in generation from Meenakshi Energy and stable output from Talwandi Sabo Thermal Plant. IDBI Bank also showed strong performance with total deposits increasing 10% YoY to ₹3.25 lakh crore and net advances rising 22% to ₹2.59 lakh crore.
