In today’s briefing:
- Devyani International’s Acquisition of Sky Gate Hospitality: A Strategic Move for Accelerated Growth
- Waaree Energies Pre IPO Lock-In Opens: What’s The Way Ahead
- From Panels to Powerhouses: How Waaree Energies Is Building India’s Solar Backbone
- Gold Plus Glass Industry Pre-IPO – Volatile Margins and Rising Debt
- Indian Rubber Prices Shrugging Off Negative Trump Tariff Impact
- Jio Financial Q4 FY25 Update: Strategic Growth and Digital Expansion Drive Strong Performance
Devyani International’s Acquisition of Sky Gate Hospitality: A Strategic Move for Accelerated Growth
- Devyani International acquired an Indian QSR brand, Sky Gate, marking its entry into Biryani.
- The acquisition deal is valued at INR 4.19 billion, translating to a relatively low 1.9x FY25 EV/Sales. This attractive valuation provides DIL with an entry into a high-TAM segment.
- No single brand has surpassed INR 3 bn in revenue due to regional taste differences, difficulty in standardising quality, and difficulty in achieving profitability due to high operational costs
Waaree Energies Pre IPO Lock-In Opens: What’s The Way Ahead
- Waaree Energies posted exceptional Q4 and FY25 results, reporting a 72.6% YoY increase in EBITDA and a robust order book of INR 47,000 crores.
- The company continues to ramp up its manufacturing capacities, with a focus on solar cells, modules, and energy storage, positioning itself as a leader in India’s solar transition.
- Strong operational performance, strategic investments in green energy, and a solid order book enhance confidence in Waaree’s growth prospects for FY26 and beyond.
From Panels to Powerhouses: How Waaree Energies Is Building India’s Solar Backbone
- Waaree Energies is rapidly expanding, targeting 21 GW solar modules, 11.4 GW cells, and 6 GW ingots by FY27
- The company boasts a robust Rs 47,000 crore order book, with 57% international and 43% domestic market share
- Waaree diversifies into batteries, green hydrogen, and inverters, while mitigating risks via local production
Gold Plus Glass Industry Pre-IPO – Volatile Margins and Rising Debt
- Gold Plus Glass Industry Ltd (GPGI IN) is planning to raise about US$200m in its upcoming India IPO.
- Gold Plus Glass Industry Ltd (GPGI) is engaged in the manufacturing of float glass, mirrors, and other value-added types of glass.
- According to the CRISIL Report, GPGI was India’s second-largest float glass manufacturer, holding a 22% market share as of Sept 2023.
Indian Rubber Prices Shrugging Off Negative Trump Tariff Impact
- RSS-4 prices near stable around INR 198/kg for past ten days
- Kerala farmers engaged in rainguarding in right earnest
- RRII devises process for extracting top-quality rubber from skim latex
Jio Financial Q4 FY25 Update: Strategic Growth and Digital Expansion Drive Strong Performance
- Jio Financial Services (JIOFIN IN) reported a substantial increase in its Assets Under Management (AUM) to 10,053 crore, marking a 139% QoQ growth.
- The company’s digital-first approach through the JioFinance app and the rapid growth in Jio Payments Bank’s customer base demonstrate its expanding market footprint and customer engagement.
- The strategic investments in technology, robust growth in core segments, and improved customer acquisition processes provide strong momentum for FY26 and beyond, reinforcing confidence in JFSL’s growth trajectory.
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