Thomas Cook (India) Limited (NSE: THOMASCOOK) showcased resilient financial performance for Q2 FY27, with the company’s Profit Before Tax (PBT) holding firm at Rs. 848 Mn despite global economic challenges. The Financial Services segment delivered robust growth, with a 21% year-on-year increase in Revenue from Operations for Q2 FY27 and 14% for H1 FY27. The company’s India Travel Businesses also staged a sharp recovery, ending the quarter just 6% lower than the previous year.

Financial Services Segment Performance

The Financial Services segment saw significant growth, with Revenue from Operations increasing by 21% y-o-y for Q2 FY27 and 14% y-o-y for H1 FY27. EBIT grew by 10% for Q2 FY27 and 9% for H1 FY27. Retail sales grew by a healthy 12%, driven by a strong 33% growth in Education, despite a decline in the segment nationally.

Travel Services and Leisure Hospitality

The India Travel Businesses ended the quarter with a reduced gap of 6% versus last year, with EBIT margins at a healthy 3.8%. The India DMS business grew 16% in a seasonally softer quarter, supported by steady inflows from key source markets. Leisure Hospitality saw an impressive 20% year-on-year growth in resorts, with occupancy and Average Revenue per Room (ARR) improving by 52% and 9% respectively.

Looking ahead, Thomas Cook (India) Limited remains optimistic about continued momentum in India leisure travel, with forward bookings trending at a healthy 30% growth over last year, even in the face of elevated airfares and other input costs.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Thomas Cook (India) Limited

Thomas Cook (India) Limited belongs to the Consumer Cyclical › Travel Services sector. Here’s a quick read on where the business and the stock stand today.

Thomas trades in the lower quarter of its 52-week range. The PEG of 0.10 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock sits at 18% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 18.5% and profits at 223.6%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Thomas Cook (India) Limited.

Arvind Fashions Limited (AFL), India’s No.1 casual and denim player, has declared its financial results for the second quarter of FY27 ended Sept 30, 2026. The company reported its highest ever revenue and EBITDA, delivering a revenue growth of 10.0% and EBITDA growth of 15.5%.

Revenue Growth

Revenue grew by ~10.0% to Rs. 1,559 Crs compared to Rs. 1,418 Crs in Q2 FY26, aided by 15.4% growth in retail and higher marketing investments. Adjusted for festive shift and online tower events, overall growth is ~15% in Q2.

EBITDA and PAT Growth

On a Pre-Ind AS basis, EBITDA & PAT grew by 18% and 38% respectively. On a Post -Ind AS basis, EBITDA grew by 15.5% to Rs. 216 Crs compared to Rs. 187 Crs in Q2 FY26. EBITDA margin improved by ~67 bps to 13.9%. PAT* growth of 29.6% to 49 Crs compared to 38 Crs in Q2 FY26.

Looking Ahead

Commenting on the performance of the company, Ms. Amisha Jain, MD & CEO said, “Q2 delivered another quarter of profitable growth, with revenue up 10.0% and EBITDA up 15.5%. Adjusted for the shift in the festive season and online tower events, underlying growth was ~15%, in line with our guidance. Delivering this against a volatile macro backdrop reflects the strength of our marquee brands and the consistency of our execution. Working capital remained healthy at 65 days. Looking ahead, we remain watchful of external macro-economic factors like inflation, geopolitical developments, potential El Nino effect & repo rates changes. We are confident of sustaining our growth trajectory, with our focus firmly on accelerating profitable growth across our marquee brands, deepening consumer engagement and increasing the share of direct channels, while driving efficiency across the business.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Arvind Fashions Limited

Arvind Fashions Limited belongs to the Consumer Cyclical › Apparel Retail sector. Here’s a quick read on where the business and the stock stand today.

Arvind falls 14.2% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock sits at 17% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 9.0% CAGR — a respectable pace. However, the stock drops 14.2% in three months without an obvious fundamental trigger. Sector-wide pressure or a valuation re-rating can persist for longer than expected. Therefore, there is no rush to step in. Check Fundamentals of Arvind Fashions Limited.

RSWM Limited (NSE: RSWM) delivered a robust performance in Q2 FY27, with revenue rising 15% year-on-year (YoY) to ₹1,322 crore, driven by improved operational efficiencies and disciplined cost management. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged 47.1% YoY to ₹116 crore, while profit after tax (PAT) jumped 3.9x YoY to ₹25 crore.

Key Financial Highlights

The company’s total income for the quarter increased to ₹1,332 crore, marking a 14.9% YoY growth. EBITDA margin improved to 8.7%, expanding by 191 basis points YoY. Notably, the PAT margin improved to 1.8%.

Strategic Initiatives

Despite industry-wide challenges, including geopolitical tensions and supply-chain disruptions, RSWM Limited continued to strengthen its operating performance. The company’s initiatives under the RSWM 2.0 plan have yielded significant benefits, contributing to the improved financial results. Looking ahead, RSWM aims to build on this progress by enhancing capabilities, improving productivity, and expanding its presence in value-added segments.

RSWM’s commitment to sustainability remains a core part of its business philosophy. The company has implemented various initiatives to reduce its environmental footprint, including energy efficiency, water conservation, and the use of recycled and sustainable materials. RSWM also prioritizes employee well-being, community development, and ethical conduct.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of RSWM Limited

RSWM Limited belongs to the Consumer Cyclical › Textile Manufacturing sector. Here’s a quick read on where the business and the stock stand today.

RSWM holds in the upper half of its 52-week range, a sign the market backs the stock. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 68% of its 52-week range with RSI at 44. In other words, neither side has a clear edge right now. The stock holds up despite 6.2% revenue growth and a PEG of 99.00. That could signal an early turnaround. Alternatively, index flows simply support the price. Watch whether analysts revise estimates upward — that is the real signal. Check Fundamentals of RSWM Limited.