PRICOLLTD.NSE

Pricol Ltd.

In this briefing: Bajaj Auto Ltd - Exports Upswing, 3W Leadership, & Captive Finance Flywheel in Motion RR Kabel Q2FY26: Strong Core, Aggressive Growth Path; Execution Key to Upside Primer: Pricol Ltd (PRIC IN) - Nov 2025 Lenskart Solutions IPO Trading - Very Strong Anchor Facing Weak Markets L&T’s Q2FY26: Don’t Mind the Margins, Watch the ₹6.67 Lakh Crore Backlog. 1. Bajaj Auto Ltd - Exports Upswing, 3W Leadership, & Captive Finance Flywheel in Motion International Market: Bajaj Auto delivered a strong performance in international markets in Q2, with export volumes up 24% YoY to over 550,000 units, marking the highest-ever quarterly export revenue. The company outpaced industry growth in its top 30 emerging markets, which collectively grew ~14% with Bajaj growing at 1.5x, indicating market share gains. LATAM posted its best-ever quarter, led by Colombia and Mexico, while the Brazil subsidiary crossed 8,000 units in Q2 and is now profitable, supported by localised manufacturing. 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: RR Kabel Q2FY26: Strong Core, Aggressive Growth Path; Execution Key to Upside Primer: Pricol Ltd (PRIC IN) - Nov 2025 Lenskart Solutions IPO Trading - Very Strong Anchor Facing Weak Markets L&T’s Q2FY26: Don’t Mind the Margins, Watch the ₹6.67 Lakh Crore Backlog. NALCO — Margin Peak Sustained, Volume Upside from FY27 1. RR Kabel Q2FY26: Strong Core, Aggressive Growth Path; Execution Key to Upside RR Kabel delivered a strong Q2FY26 with 19.5% YoY revenue growth and EBITDA doubling , driven by robust volume expansion in its high-margin Cables & Wires segment. Solid core performance, backed by aggressive capex and margin expansion targets, positions RR Kabel as a key beneficiary of India’s accelerating infrastructure and industrial growth cycle. RR Kabel remains structurally well-placed for growth, though long-term margin gains depend on timely capex execution and a successful turnaround of its FMEG business . 2. Primer: Pricol Ltd (PRIC IN) - Nov 2025 Pricol is a leading Indian automotive components manufacturer, well-positioned to benefit from the increasing electronification and premiumization of vehicles, particularly in the two-wheeler segment where it holds a dominant market share for instrument clusters.

In this briefing: RR Kabel Q2FY26: Strong Core, Aggressive Growth Path; Execution Key to Upside Primer: Pricol Ltd (PRIC IN) - Nov 2025 Lenskart Solutions IPO Trading - Very Strong Anchor Facing Weak Markets L&T’s Q2FY26: Don’t Mind the Margins, Watch the ₹6.67 Lakh Crore Backlog. NALCO — Margin Peak Sustained, Volume Upside from FY27 1. RR Kabel Q2FY26: Strong Core, Aggressive Growth Path; Execution Key to Upside RR Kabel delivered a strong Q2FY26 with 19.5% YoY revenue growth and EBITDA doubling , driven by robust volume expansion in its high-margin Cables & Wires segment. Solid core performance, backed by aggressive capex and margin expansion targets, positions RR Kabel as a key beneficiary of India’s accelerating infrastructure and industrial growth cycle. RR Kabel remains structurally well-placed for growth, though long-term margin gains depend on timely capex execution and a successful turnaround of its FMEG business . 2. Primer: Pricol Ltd (PRIC IN) - Nov 2025 Pricol is a leading Indian automotive components manufacturer, well-positioned to benefit from the increasing electronification and premiumization of vehicles, particularly in the two-wheeler segment where it holds a dominant market share for instrument clusters.

In this briefing: Primer: Global Digital Niaga Tbk PT (BELI IJ) - Nov 2025 Primer: GoTo Gojek Tokopedia Tbk PT (GOTO IJ) - Nov 2025 Quiddity Leaderboard HSCEI Dec25: Three Index Change Possible; ~US$264mn One-Way; Announcement Soon Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Primer: Pricol Ltd (PRIC IN) - Nov 2025 1. Primer: Global Digital Niaga Tbk PT (BELI IJ) - Nov 2025 Integrated Omnichannel Ecosystem: Global Digital Niaga (Blibli) has built a comprehensive ecosystem combining e-commerce (Blibli), online travel (Tiket.com), and premium groceries (Ranch Market), aiming to capture a significant share of Indonesian consumer spending through an integrated online and offline strategy. Strong Revenue Growth but Persistent Losses: The company demonstrates a strong growth track record with a 13.6% year-over-year increase in revenue for FY2024. However, it continues to post significant net losses, with a net loss of IDR 2.53 trillion in 2024, highlighting the ongoing challenge of balancing aggressive growth with achieving profitability in a competitive market.

In this briefing: Primer: Global Digital Niaga Tbk PT (BELI IJ) - Nov 2025 Primer: GoTo Gojek Tokopedia Tbk PT (GOTO IJ) - Nov 2025 Quiddity Leaderboard HSCEI Dec25: Three Index Change Possible; ~US$264mn One-Way; Announcement Soon Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Primer: Pricol Ltd (PRIC IN) - Nov 2025 1. Primer: Global Digital Niaga Tbk PT (BELI IJ) - Nov 2025 Integrated Omnichannel Ecosystem: Global Digital Niaga (Blibli) has built a comprehensive ecosystem combining e-commerce (Blibli), online travel (Tiket.com), and premium groceries (Ranch Market), aiming to capture a significant share of Indonesian consumer spending through an integrated online and offline strategy. Strong Revenue Growth but Persistent Losses: The company demonstrates a strong growth track record with a 13.6% year-over-year increase in revenue for FY2024. However, it continues to post significant net losses, with a net loss of IDR 2.53 trillion in 2024, highlighting the ongoing challenge of balancing aggressive growth with achieving profitability in a competitive market.

In this briefing: Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi, Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Primer: Merdeka Gold Resources (EMAS IJ) - Nov 2025 Primer: Pricol Ltd (PRIC IN) - Nov 2025 Smiths News — ‘Special’ dividend for a second year 1. Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi, CGSI raises DBS target price above $60, joining Citi and Maybank. RHB raises OCBC's target price by 7% but remains ‘neutral’ post 3QFY2025 results. RHB maintains DBS as 'buy' and UOB as 'neutral' after 3QFY2025 results. 2. Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Strategic pivot to an asset-light model, exiting the competitive physical goods marketplace to focus on higher-margin digital products and services, is showing early signs of success with a return to net profitability in Q1 2025 and improving adjusted EBITDA. Dominant position in the Online-to-Offline (O2O) segment through its Mitra network remains the core competitive advantage, tapping into Indonesia's vast and underserved traditional retail sector ('warungs') and driving a significant portion of revenue.

In this briefing: Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi, Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Primer: Merdeka Gold Resources (EMAS IJ) - Nov 2025 Primer: Pricol Ltd (PRIC IN) - Nov 2025 Smiths News — ‘Special’ dividend for a second year 1. Singapore Market Roundup (10-Nov-2025): CGSI boosts DBS target price above $60, following Citi, CGSI raises DBS target price above $60, joining Citi and Maybank. RHB raises OCBC's target price by 7% but remains ‘neutral’ post 3QFY2025 results. RHB maintains DBS as 'buy' and UOB as 'neutral' after 3QFY2025 results. 2. Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Strategic pivot to an asset-light model, exiting the competitive physical goods marketplace to focus on higher-margin digital products and services, is showing early signs of success with a return to net profitability in Q1 2025 and improving adjusted EBITDA. Dominant position in the Online-to-Offline (O2O) segment through its Mitra network remains the core competitive advantage, tapping into Indonesia's vast and underserved traditional retail sector ('warungs') and driving a significant portion of revenue.

In this briefing: Tokai Holdings (3167 JP): 1H FY03/26 flash update Mitsuboshi Belting (5192 JP): 1H FY03/26 flash update Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Primer: Merdeka Gold Resources (EMAS IJ) - Nov 2025 Primer: Pricol Ltd (PRIC IN) - Nov 2025 1. Tokai Holdings (3167 JP): 1H FY03/26 flash update FY03/26 sales were JPY114.5bn (+3.0% YoY), operating profit JPY6.2bn (+34.1% YoY), net income JPY3.6bn (+51.1% YoY). Information and Communications sales to corporate clients rose 12.0% YoY, driven by carrier and cloud services growth. Aqua services customer count increased by 16,000, surpassing 200,000, with sales JPY5.3bn (+9.9% YoY), operating profit JPY244mn (+82.9% YoY). 2. Mitsuboshi Belting (5192 JP): 1H FY03/26 flash update Mitsuboshi's revenue rose 0.9% YoY, with Belts segments offsetting lower Building & Construction Materials revenue. The company plans to pay an annual dividend of JPY186 per share in FY03/26, unchanged from FY03/25. Mitsuboshi announced a resolution to repurchase 350,000 shares, valued at JPY1.0bn, via market purchases on the Tokyo Stock Exchange. 3.

In this briefing: Tokai Holdings (3167 JP): 1H FY03/26 flash update Mitsuboshi Belting (5192 JP): 1H FY03/26 flash update Primer: Bukalapak.com PT Tbk (BUKA IJ) - Nov 2025 Primer: Merdeka Gold Resources (EMAS IJ) - Nov 2025 Primer: Pricol Ltd (PRIC IN) - Nov 2025 1. Tokai Holdings (3167 JP): 1H FY03/26 flash update FY03/26 sales were JPY114.5bn (+3.0% YoY), operating profit JPY6.2bn (+34.1% YoY), net income JPY3.6bn (+51.1% YoY). Information and Communications sales to corporate clients rose 12.0% YoY, driven by carrier and cloud services growth. Aqua services customer count increased by 16,000, surpassing 200,000, with sales JPY5.3bn (+9.9% YoY), operating profit JPY244mn (+82.9% YoY). 2. Mitsuboshi Belting (5192 JP): 1H FY03/26 flash update Mitsuboshi's revenue rose 0.9% YoY, with Belts segments offsetting lower Building & Construction Materials revenue. The company plans to pay an annual dividend of JPY186 per share in FY03/26, unchanged from FY03/25. Mitsuboshi announced a resolution to repurchase 350,000 shares, valued at JPY1.0bn, via market purchases on the Tokyo Stock Exchange. 3.