shares surged nearly 8% on Tuesday, taking the stock’s three-session gain to around 14% and pushing it to a fresh 52-week high of ₹182. The trigger? A strong Q1 FY27 performance that has made brokerages more bullish on the stock. The Numbers That Matter Q1 Profit: ₹161 crore, up 85% YoY Revenue: ₹2,795 crore, up 24% YoY EBITDA: ₹320 crore EBITDA Margin: 11.5%, up 151 bps YoY 1-year stock gain: ~45% Why Are Brokerages Bullish? The biggest positive is margin expansion. JM Financial highlighted better operating leverage and product mix, while Motilal Oswal expects the company to sustain double-digit revenue growth as home-textile volumes recover. Motilal Oswal has retained a Buy rating with a ₹215 target price and expects EBITDA margins to move towards 13%. The brokerage also expects the core home-textile business to grow at around 15% CAGR between FY26 and FY28, with Bath, Bed and Rugs & Carpets driving growth.

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