ITC Ltd said net profit fell 27% year on year to ₹3,579 crore for the quarter ended June 30, 2026, while EBITDA dropped 27.9% and the operating margin narrowed to 26.7%. The company attributed the pressure to a sharp rise in crude oil prices driven by the West Asia conflict, trade and supply-chain disruptions, and uncertainty in agricultural output due to India’s monsoon deficit. It added that the situation has also been linked to moves in crude prices and the Indian rupee.

Asian Paints reported FY27 first-quarter results with consolidated net profit of 15.39 billion Indian rupees, up 40% year on year, and revenue of 105.42 billion rupees, up 18%. The company said pricing adjustments helped offset higher raw material costs. Following the earnings release, the stock rose 1.4% on the day. The results were described as a typical earnings catalyst event for a traditional asset, India’s leading chemical stock.

India’s engineering group Larsen & Toubro said it has secured a “major” EPC order from Kuwait Oil Company to build six crude oil storage tanks with an operating capacity of 618,000 barrels each, along with related facilities. The company also signed a 2 GW offshore wind framework cooperation agreement with Dutch grid operator TenneT and Hitachi Energy, covering multiple projects in the Netherlands and Germany. Investor sentiment was further supported by L&T’s June-quarter results.

Zepto is discussing a sharply lower IPO valuation with investors, shifting from market expectations of $7 billion in April to a $3 billion post-money valuation in current talks. Existing shareholders including Norges Bank had previously been assessed for follow-on investment at about a $5.1 billion post-money valuation. The reset has eased concerns that competition and profitability pressure on listed quick-commerce peers such as Swiggy could intensify, helping Swiggy shares climb as much as 4% in a session.

Kalyan Jewellers India shares fell on Monday after media reported a domestic mutual fund may sell about 5 crore shares via a block deal at an 8–10% discount. The fund held 9.17% of the company, or roughly 9.5 crore shares, as of June 30, 2026. The reported sale follows a more than 50% rise in the stock over the past month and comes ahead of the company’s August 4 earnings. Citigroup has reiterated a Buy rating with a target price of ₹750, though the potential block sale raised concerns about near-term selling pressure.

Larsen & Toubro (L&T) is set to report Q1FY27 results, with brokerages expecting flat revenue and a slight year-on-year dip in EBITDA. Analysts say execution delays on overseas EPC projects, driven by the West Asia conflict, are the main drag. West Asia contributes 33% of L&T’s revenue and 37% of its order backlog, while supply-chain bottlenecks and higher insurance costs are also pressuring projects. Despite the softer quarter, analysts have largely maintained “Buy” ratings and view the weakness as a known risk playing out rather than a new development.

Juniper Green Energy Ltd has set a price band of ₹214–225 per share for its IPO, which opens for subscription on July 30 and closes on August 3. The offering is a ₹1,800 crore fresh issue. Proceeds will go toward debt repayment of ₹683.24 crore, prepayment of loans at subsidiaries totaling ₹728.69 crore, and general corporate purposes. The company is backed by AT Capital Group.

CocaCola has raised the effective unit price of canned Diet Coke in India by 13.6% after disruptions tied to the West Asia conflict constrained imports of aluminum cans via the Strait of Hormuz. The company has shifted to sourcing larger, more expensive cans from Southeast Asia, increasing per-unit packaging costs. India’s heavier reliance on aluminum cans has left Diet Coke more exposed, while products such as Coke Zero have not been affected because they are sold in multiple packaging formats. The development represents a direct supply shock catalyst for the aluminum commodity.

Brokerages stayed upbeat on InterGlobe Aviation after IndiGo posted a standalone net loss of ₹382 crore for the quarter ended June 30, with analysts blaming a sharp rise in fuel costs and forex headwinds rather than weaker demand. Aircraft fuel expenses surged 86% to ₹10,830 crore, while the airline also pointed to adverse currency movements and disruptions linked to the Middle East conflict. Revenue from operations rose 20% year on year to ₹24,584 crore, but fuel costs still made up 44.1% of revenue. Several brokerages kept “Buy” ratings, citing strong fare pass-through, while cutting FY27 profit forecasts to reflect higher crude oil prices and a weaker rupee.