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CNBC TV18

Airtel tops estimates with ₹33,599 crore EBITDA as Morepen hits 20% upper circuit and Greaves drops over 15%

AI Market Summary
India's earnings updates were mixed but broadly supportive for local equities: Bharti Airtel and major FMCG names (Pidilite, Marico, Nykaa) delivered beats and constructive commentary, while Greaves Cotton's sharp miss triggered a steep selloff. Morepen's 20% upper circuit highlights risk-on rotation into strong single-stock results. Overall, the tape points to heightened dispersion and earnings-driven volatility for Indian indices.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.00%
AI Insight · NCSINIFTY52USD/USDTAI Insight
● Neutral
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Several Indian listed companies reported quarterly results, with Bharti Airtel posting EBITDA of ₹33,599 crore above market expectations. Morepen Laboratories’ shares hit a 20% upper circuit, while Greaves Cotton fell sharply. Marico reported a 27% year-on-year rise in net profit to ₹652 crore, also ahead of estimates. The updates highlight earnings momentum in India’s telecom and consumer segments during the results season.
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