According to reports from The Financial Express, Ambit Capital warned that India's post-pandemic consumption boom is losing momentum, as stated in a thematic report on May 21, 2026. The brokerage expects the combination of softer demand and pressure on margins to define the next phase for consumer discretionary spending. Against this backdrop, Ambit Capital selected five inflation-resistant stocks across jewellery, value retail, beauty, and footwear sectors, with upside potential ranging from 12% to 30%. The brokerage's strategy focuses on companies that can maintain or expand margins during inflationary periods while benefiting from cultural demand patterns and digital transformation trends.
As reported by The Financial Express, Ambit Capital set a target price of ₹5,257 on Titan Company, implying an upside of around 26% from current levels. Titan ranked at the top of Ambit Capital's revised FY27 pecking order for large caps. The brokerage cited cultural demand from weddings and gifting, along with gold's role as a savings vehicle, as key factors supporting the jewellery segment. Tanishq reported same-store sales growth of 50% in Q4 FY26, with expectations of 14% same-store sales growth in FY27. The stock traded at 66 times FY27 price-to-earnings with return on equity expected to remain at 25% in FY27.
According to The Financial Express, Ambit Capital set a target price of ₹5,020 on Trent, implying an upside of around 24% from current levels. Trent was Ambit Capital's top near-term pick within large-cap buys for FY27, ranked ahead of Titan due to favourable base effects. The brokerage described Trent as the clearest inflation-resistant name in apparel, noting that despite gross margin compression during inflationary periods, the company historically protected or expanded its EBITDA margin. Trent expects revenue of ₹23,870 crore in FY27 with 20% year-on-year growth, while net profit is projected at ₹2,140 crore. The stock traded at 68 times FY27 price-to-earnings.
As reported by The Financial Express, Ambit Capital set a target price of ₹314 on FSN E-Commerce Ventures, implying an upside of around 15% from current levels. Nykaa ranked third in Ambit Capital's large-cap preference order for FY27. The brokerage expects the online channel for beauty and personal care to continue gaining share from offline formats, with Nykaa demonstrating ability to protect margins by raising free-shipping thresholds. Nykaa expects revenue of ₹12,404 crore in FY27, rising around 23% from FY26, with EBITDA at ₹1,082 crore. Return on equity is projected to expand to 25% in FY27 from 14% in FY26.
According to The Financial Express, Ambit Capital set a target price of ₹137 on Vishal Mega Mart, implying an upside of around 12% from current levels. Vishal Mega Mart ranked fourth in Ambit Capital's large-cap order and remained the brokerage's preferred value retail name for FY27. The brokerage noted that value apparel historically outperformed mid-premium fashion in India during slower periods, drawing comparisons with global value retailers. Vishal Mega Mart expects revenue of ₹15,314 crore in FY27, increasing around 18% from FY26, with EBITDA reaching ₹2,194 crore and profit after tax at ₹977 crore.
As reported by The Financial Express, Ambit Capital set a target price of ₹1,353 on Metro Brands, implying the highest upside potential of around 30% from current levels. Metro Brands demonstrated exceptional inflation resilience, maintaining EBITDA margins of 17% to 23% during periods of significant cost increases. During FY11 when crude oil increased nearly 24%, and in FY22 when polyvinyl chloride prices rose nearly 72%, the company maintained these margins. The brokerage expects Metro Brands to achieve revenue of ₹3,260 crore in FY27 with 16% growth and EBITDA at ₹989 crore. Return on equity is projected at 20% in FY27 and 22% in FY28.
