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Q2 Scorecard: ITC, Dabur, Hyundai Post Gains as Swiggy’s Loss Widens on Instamart Expansion

Festive demand and GST tailwinds lifted consumer volumes, with export-linked agri lines and quick commerce continuing to pressure profitability.

Overview

  • ITC reported consolidated net profit of about Rs 5,187 crore with revenue down roughly 1%, as agri revenue fell around 31% on delayed call‑offs tied to US tariff uncertainty.
  • Dabur’s consolidated net profit rose 6.5% to Rs 444.79 crore on 5.4% revenue growth, and the board cleared ‘Dabur Ventures’ with up to Rs 500 crore to invest in digital‑first brands.
  • Hyundai Motor India’s PAT increased 14.3% to Rs 1,572.3 crore on revenue of about Rs 17,460.8 crore, driven by 21.5% export volume growth and record SUV mix in domestic sales.
  • Swiggy’s revenue jumped 54% to Rs 5,561 crore as consolidated net loss widened to Rs 1,092 crore; Instamart posted a Rs 849 crore loss with adjusted EBITDA margin improving to -12.1%.
  • Raymond Lifestyle’s Q2 net profit doubled to Rs 75.19 crore on strong domestic volumes, while garmenting and B2B exports faced headwinds from US tariff uncertainty; ITC also approved delisting from the Calcutta Stock Exchange and appointed Amitabh Kant as an independent director from Jan 1, 2026.