NATIONALUM.NSE

National Aluminium Co. Ltd.

In this briefing: Nestle India Ltd - Steller Topline Growth; Margins Under Pressure Relaxo Footwears Ltd - Soft Quarter Continues; Maintain HOLD KPIT Technologies Ltd - Soft Quarter; Solution-Based Transformation NTPC - Q3 - Stable Performance Backed by Capacity Additions National Aluminium Co Ltd (NALCO) - EBITDA Beat on Alumina Volumes; Rich Valuations Caps Upside 1. Nestle India Ltd - Steller Topline Growth; Margins Under Pressure Nestlé reported an 18.5% YoY growth in revenue, supported by its strongest volume expansion in nearly five years. Performance was driven by double-digit growth in confectionery and MAGGI noodles, along with robust growth in beverages and prepared dishes, while the Milk & Nutrition portfolio delivered mid-single-digit growth. Management attributed the strong quarter to capacity additions, sustained brand investments, market recovery, and benefits from GST-related changes. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Relaxo Footwears Ltd - Soft Quarter Continues; Maintain HOLD KPIT Technologies Ltd - Soft Quarter; Solution-Based Transformation NTPC - Q3 - Stable Performance Backed by Capacity Additions National Aluminium Co Ltd (NALCO) - EBITDA Beat on Alumina Volumes; Rich Valuations Caps Upside PICK OF THE WEEK: HCL Technologies Ltd - 31st January, 2026 1. Relaxo Footwears Ltd - Soft Quarter Continues; Maintain HOLD Relaxo reported a marginal 0.2% YoY revenue growth, marking a stabilisation after consecutive quarters of decline. Management attributed the improvement to ongoing sales transformation initiatives, though the mass-market environment remained subdued with cautious consumer spending during the festive season. Heightened competition from the unorganised segment led to increased promotional intensity, aiding topline recovery but pressuring margins, further impacted by higher promotional spend and a one-off cost related to the new labour code. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Relaxo Footwears Ltd - Soft Quarter Continues; Maintain HOLD KPIT Technologies Ltd - Soft Quarter; Solution-Based Transformation NTPC - Q3 - Stable Performance Backed by Capacity Additions National Aluminium Co Ltd (NALCO) - EBITDA Beat on Alumina Volumes; Rich Valuations Caps Upside PICK OF THE WEEK: HCL Technologies Ltd - 31st January, 2026 1. Relaxo Footwears Ltd - Soft Quarter Continues; Maintain HOLD Relaxo reported a marginal 0.2% YoY revenue growth, marking a stabilisation after consecutive quarters of decline. Management attributed the improvement to ongoing sales transformation initiatives, though the mass-market environment remained subdued with cautious consumer spending during the festive season. Heightened competition from the unorganised segment led to increased promotional intensity, aiding topline recovery but pressuring margins, further impacted by higher promotional spend and a one-off cost related to the new labour code. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: KPIT Technologies Ltd - Soft Quarter; Solution-Based Transformation Aequitas: Shenzhen Zhaowei A/H Listing - PHIP Updates and Thoughts on A/H Premium NTPC - Q3 - Stable Performance Backed by Capacity Additions National Aluminium Co Ltd (NALCO) - EBITDA Beat on Alumina Volumes; Rich Valuations Caps Upside PICK OF THE WEEK: HCL Technologies Ltd - 31st January, 2026 1. KPIT Technologies Ltd - Soft Quarter; Solution-Based Transformation Europe emerged as a primary growth driver during Q3, showing early signs of a turnaround, while the US showed a sequential decline. Nevertheless, India and China continue to show long-term traction. Overall, OEM spending remained under pressure due to supply chain issues, geopolitical uncertainties, and tariff-related ambiguity. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below. 2. Aequitas: Shenzhen Zhaowei A/H Listing - PHIP Updates and Thoughts on A/H Premium Shenzhen Zhaowei Machinery (003021 CH) , aims to raise around US$300m in its H-share listing.