ICICI Securities reviews DOMS, United Breweries and Orkla India after Q1

ICICI Securities reiterated constructive views on DOMS Industries, United Breweries and Orkla India following their June-quarter results. The brokerage also raised Inox India’s target price to Rs 2,010 from Rs 1,660, while downgrading the stock to Add after its rally.

— Source publishedWed, 5 Aug, 2026, 12:15 IST·First seen Wed, 5 Aug, 2026, 12:22 IST·Source NDTV Profit

What happened

ICICI Securities reviewed June-quarter results for DOMS Industries, United Breweries, Inox India and Orkla India. It retained constructive calls on the

Key facts

  • Inox India target price raised to Rs 2,010 from Rs 1,660
  • Inox India rating downgraded to Add from Buy
  • Inox India Q1 FY27 order inflows: Rs 530 crore, up 28% YoY
  • Inox India order book: Rs 1,690 crore

Why this matters

The post-results read-through favors consumer-brand businesses with sustained execution and demand momentum, while Inox India’s valuation-led downgrade reinforces the importance of timing and price discipline in strategic transactions.

What to watch

  • Management commentary on urban and rural demand, premiumisation and channel inventory.
  • Quarterly volume growth and revenue momentum at DOMS, United Breweries and Orkla India.
  • Gross-margin movement, commodity costs and pricing actions.
  • Monsoon progression, inflation and consumer-discretionary spending indicators.
  • Further consensus earnings-estimate revisions and changes in brokerage ratings.
  • Inox India order inflows, backlog conversion and any movement toward or above the Rs 2,010 target price.
  • DOMS, United Breweries and Orkla India may highlight demand visibility, distribution expansion and margin priorities in investor communication to sustain post-results momentum.
  • Investors may rotate selectively into consumer names with clearer earnings upgrades rather than broadly buying the sector.
  • Inox India may need fresh order wins, execution milestones or earnings upgrades to justify a move materially beyond levels implied by the revised target.
  • Competing brokerages may revise estimates and target prices after reviewing Q1 volume, pricing and profitability trends.