Market Performance
The market saw heightened activity on October 28 as investors reacted to quarterly earnings from Bata India, Canara HSBC Life Insurance, and Canara Robeco Asset Management. Despite broader market volatility, these three names drew attention after releasing their Q2 FY26 results post-market hours on October 27.
The mood turned cautious as all three stocks slipped in early trade, reflecting market disappointment over mixed financial performances.
Bata India Q2 Results: Profit Dips 73% YoY
Footwear major Bata India reported a sharp decline in its quarterly performance, with numbers underscoring a challenging demand environment.
- Net Profit: ₹13.89 crore in Q2 FY26, down 73% year-on-year (YoY) from ₹51.98 crore in Q2 FY25.
- Revenue from Operations: ₹801.3 crore, a 4% decline YoY compared to ₹837 crore in the same period last year.
The company attributed the weaker results to deferred purchases by channel partners and customers following the announcement of GST rate rationalization. It also highlighted a temporary business disruption caused by issues at one of its key warehouses in July 2025.
Despite the muted quarter, Bata noted a gradual pickup in sales during the festive season, hinting at improving consumer sentiment.
On the stock performance front, Bata India share price fell over 6% intraday, hitting a low of ₹1,090.50 before trimming losses to trade around ₹1,130 per share — still about 3% lower by mid-session.
Canara HSBC Life Q2 Results: Profit Rises 11% YoY
Newly-listed Canara HSBC Life Insurance delivered a steady performance for the quarter ended September 2025, supported by healthy growth in premium income and improved margins.
- Net Profit: ₹40.81 crore, up 10.69% YoY from ₹36.87 crore in Q2 FY25.
- Net Premium Income: ₹2,259.73 crore, a 23% YoY increase.
- Value of New Business (VNB): ₹214.3 crore for H1 FY26, up 21% YoY with a VNB margin of 19.6%.
However, despite a steady operational performance, the Canara HSBC share price slipped over 4% intraday to ₹116.50 before recovering to trade near ₹121.61 per share. The stock has gained over 13% in the last five sessions, supported by its recent listing momentum.
Canara HSBC Life had a flat debut on October 17, listing at its IPO price of ₹106 per share. Since then, it has added nearly 10%, reflecting sustained investor interest.
Canara Robeco AMC Q2 Results: Marginal Profit Dip, Revenue Up
Another newly-listed entity, Canara Robeco Asset Management Company, reported a stable quarter with marginal pressure on profitability but improved topline performance.
- Net Profit: ₹48.71 crore, down 3% YoY from ₹50.04 crore in Q2 FY25.
- Revenue from Operations: ₹107.65 crore, up 3% YoY.
Despite the revenue growth, Canara Robeco share price came under pressure, slipping over 11% intraday to ₹311.10 before recovering partially to around ₹334.45 by mid-day.
The stock made its market debut on October 16, listing at ₹280.25 per share — over 5% above IPO price — and has gained nearly 11% since listing, reflecting investor optimism around the AMC sector.
Summary: Q2 Results Trigger Sector Reaction
The latest batch of Q2 results from Bata India, Canara HSBC Life, and Canara Robeco AMC sparked mixed reactions in the market. While Bata India’s weak earnings dragged its stock lower, Canara HSBC Life and Canara Robeco AMC saw volatility post-results despite steady growth in premiums and revenues.
Investors appear to be factoring in company-specific fundamentals rather than broad market sentiment. With festive demand and financial sector momentum in focus, the coming weeks could determine how these stocks stabilize post-results.
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