India's IFB Industries gains; brokerages hike price targets

IFB Industries

10/06/2025 08:49

** Shares of IFB Industries IFBI.NS climb 4.8% to a near 5-month high of 1,609.5 rupees

** Brokerage Centrum raises PT on stock by ~4% to 1,615 rupees, retains "add"; Nirmal Bang hikes PT by ~16% to 1,780 rupees, keeps "buy"

** Nirmal Bang's PT on stock is a Street-high and reflects a ~16% upside on last close

** Brokerage says it remains positive on co's long-term business prospects on the back of consistent cost reduction efforts, better brand visibility, increasing premium products' share

** Home appliances maker targets double-digit EBITDA margins growth in FY26, driven by volumes' scale-up, lower costs and reducing discounts - analysts said, citing investors' call on June 9

** Analysts at Centrum expect co's improving profitability in the air conditioners segment as key growth driver

** Stock rated "buy" on avg, median PT at 1,679 rupees - data compiled by LSEG

** Year-to-date, IFBI down 15%

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))