Stocks To Watch for July 8: IndusInd Bank, Marico, Bandhan Bank, Adani Wilmar, Titan and more

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IndusInd Bank | Advances growth of 16% from last year to ₹3.48 lakh crore. Deposits up 15% year-on-year to ₹3.98 lakh crore. CASA Ratio at 36.7% from 39.9% last year and 37.9% in March.

Titan | Jewellery domestic operations grew by nearly 8%. Overall growth of 9% year-on-year. High gold prices, coupled with low wedding days had an impact on consumer demand with overall sentiments being relatively muted. Watches and Wearables business grew by 15% from last year, while EyeCare business saw growth of 3% year-on-year.

Marico | Consolidated revenue grew in high-single digits and expect it to continue trending upwards towards the rest of the year. Gross margin also likely to expand on a year-on-year basis due to a favourable portfolio mix. Domestic business posted a modest uptick in underlying volume growth on a sequential basis. Parachute coconut oil posted low single-digit volume growth but is likely to pick-up visibly through the rest of the year, given the healthy trends in offtake growth. Saffola Oils delivered mid-single digit volume growth. Value Added Hair Oils had a soft start to the year due to competitive headwinds persisting.

Dabur | Sequential improvement in demand trends seen with rural growth picking up. Expect the improvement to accelerate in the coming months. Expect consolidated revenue to grow in mid-to-high single digit, while India business may see mid-single digit volume growth. HPC & Heathcare segment is expected to grow in high-single digits. International business is expected to post strong growth in constant currency terms. Gross margin may see some expansion.

Bank of Baroda | Domestic advances up 8.5% from last year to ₹8.82 lakh crore. Domestic retail advances up 20.8% to ₹2.22 lakh crore. Global advances up 8.1% to ₹10.72 lakh crore. Domestic deposits up 5.25% to ₹11.05 lakh crore.

Adani Wilmar | Robust volume growth of 13% propelled by market-specific strategies in each category, aimed at gaining market share, especially in under-indexed markets. Alternate channels saw 19% volume growth. Volume of branded exports increased by 36% year-on-year. Food and FMCG business volume growth at 23% from last year. Edible Oils business continued to thrive despite challenges in the industries. Edible Oil business saw volume growth of 13% and value growth of 10% year-on-year.

Indian Bank | Total business growth of 10.9% year-on-year to ₹12.21 lakh crore. Total deposits up 9.5% from last year to ₹6.81 lakh crore. Gross advances up 12.7% to ₹5.4 lakh crore.

Signature Global | Pre-sales grow 255% to ₹3,120 crore. Collections rise 102% from last year to ₹1,210 crore. Net debt declined by ₹180 crore to ₹980 crore. Realizations for the quarter increased to ₹15,369 per square feet. No. of units sold increased by 8% to 968 units from 894 units. Crossed 30% of ₹10,000 crore pre-sales guidance in the first quarter itself.

Bandhan Bank | Appoints Ratan Kumar Kesh as interim MD & CEO for three months from July 10, 2024.