Here's a news article summarizing the recent developments concerning Tata Steel, LG India, Honasa Consumer, SpiceJet, and Hero MotoCorp:
Indian Stock Market Updates: Key Highlights on Tata Steel, LG India, Honasa Consumer, SpiceJet, and Hero MotoCorp
The Indian stock market has seen considerable activity across various sectors, with Tata Steel, LG India, Honasa Consumer, SpiceJet, and Hero MotoCorp making headlines. Here’s a summary of the latest news and financial results for each company:
Tata Steel
Tata Steel reported a substantial surge in its consolidated net profit for the second quarter of fiscal year 2026, marking a 272% year-on-year increase to ₹3,101.75 crore. This impressive growth was primarily driven by higher sales volumes in India and the implementation of effective cost control measures. Consolidated revenue also saw an uptick, rising by 8.9% year-on-year to ₹58,689.29 crore, surpassing Bloomberg's consensus estimates. The company's India operations demonstrated strong performance, with turnover increasing to ₹34,787 crore. Tata Steel's strategic focus remains on volume growth in India, strengthening raw material linkages, and optimizing capital allocation. The company is also closely monitoring policy developments in the EU and the UK to prioritize and optimize decarbonization efforts. Furthermore, Tata Steel executed a share purchase agreement with BlueScope Steel to acquire the balance 50% stake in Tata BlueScope Steel Private Limited for ₹1,100 crore, which is expected to be completed in the next 3-4 months.
LG India
LG Electronics India witnessed significant activity following its debut on the Indian stock exchanges. The IPO was a major success, with shares closing nearly 50% higher than the issue price of ₹1,140. The company's market capitalization soared to approximately ₹1.15 lakh crore. LG India is planning to double its research and development workforce by 2027, focusing on chip design and robotics. The company is also aiming to expand its manufacturing base in India, with a new facility being built in Andhra Pradesh with an investment of ₹5,001 crore. LG India's IPO has propelled it to become India's most valued consumer durables firm, surpassing Dixon Technologies and eclipsing competitors like Whirlpool, Voltas, and Havells.
Honasa Consumer
Honasa Consumer, the parent company of brands like Mamaearth and The Derma Co, reported a net profit of ₹39 crore for the second quarter of FY26, a turnaround from a loss of ₹18.5 crore in the same period last year. However, this represents a sequential dip from the ₹41.32 crore profit in the previous quarter. The company's revenue from operations increased by 16% year-on-year to ₹538 crore. Honasa is also venturing into the oral care segment with a minority stake acquisition in Couch Commerce, an oral care company with its brand 'Fang'. The company sees oral beauty as a significant growth opportunity in India, estimating the segment could reach $700 million by 2030.
SpiceJet
SpiceJet reported a consolidated net loss of ₹621.19 crore for the second quarter of FY26, widening from a loss of ₹457.8 crore in the same quarter last year. The revenue from operations declined by 13% to ₹708 crore. The losses were attributed to the impact of recalibrating dollar-based future obligations and airspace restrictions that led to increased operating costs. The company finalized lease agreements for 19 aircraft during the quarter and is working on reactivating grounded planes to ramp up capacity. SpiceJet has a total market capitalization of ₹4,548.50 crore as of November 12, 2025. Recently, a SpiceJet flight from Mumbai to Kolkata made an emergency landing due to an engine failure, although all passengers and crew remained safe.
Hero MotoCorp
Hero MotoCorp is anticipated to post strong earnings for the September quarter, driven by healthy festive demand, volume recovery, and a richer product mix. Brokerage estimates suggest a potential 16% year-on-year rise in profit after tax. The company has been showcasing its vision for the future of mobility at EICMA 2025, with a focus on electric mobility and new internal combustion models. Hero is expanding its electric vehicle portfolio under the VIDA brand, with plans to launch the VIDA VX2 urban scooter in European markets. The company also unveiled the XPulse 210 Dakar Edition, celebrating its rally team's success.
