Goldman Sachs has a neutral rating on ITC with the target price maintained at Rs 330. Analysts said the company’s Jan-March quarter (Q4FY26) earnings numbers are not comparable on a yearly basis (YoY) due to cigarette tax structure change. They expected peak earnings impact from cigarette tax hike in Q1FY27. They estimate cigarette volume decline of about 8% and earnings before interest and taxes (EBIT) decline of about 17% in FY27. FMCG business growth accelerated to 15% YoY while earnings before interest, taxes, depreciation and amortisation (EBITDA) margin improved 200 basis points (100 basis points or bps = 1 percentage point) YoY. They also said that the paper business EBIT margins recovered on lower wood costs and anti-dumping duty benefits, while agri business EBIT declined 29% YoY due to West Asia shipping disruptions. Analysts expected agri headwinds to persist in the near term.Citigroup has a buy rating on LIC with the target price at Rs 1,475. Analysts said that the life insurance major’s Q4FY26 operational performance was strong, led by about 690 bps YoY expansion in value of new business (VNB) margin aided by higher non-par mix (YoY) and favourable yield curve-led benefits in the swiftly growing non-par book. Economic value compressed 3% over Sep’25 (+2% over Mar’25), largely led by elevated negative investment variance (almost similar impact between debt and equity for FY2026). The management highlighted that the drop in net gain on future value (FV) change, as of Mar ’26, has largely (around 80%) been recouped till mid-May’26 providing comfort on EV recoup. The management also highlighted concerted efforts to sustainably drive improvement in persistence, product innovation, increase productivity of existing agents, agent base augmentation, and higher business through non-agency. Valuation remains benign with FY2027 projected core EV (ex-MTM EV) at levels higher than current market value. Visibility on promoter holding structure is a key overhang even as operational performance remains sound.Jefferies has a buy on Nykaa with the target price raised to Rs 350. Analysts said the company continues to report strong growth across segments with the beauty growth at >25% with highest-ever EBITDA margin. Its fashion business reported continued acceleration, with break-even signalling the management has cracked the code. Its own brands continue to grow from strength to strength. The company’s medium-term outlook is quite positive, although the management sounded a note of caution in the context of a tough macro environment.CLSA has an outperform rating on Honasa with the target price at Rs 434. Analysts said the company reported a revenue growth of 23% YoY (28% growth ex-change in accounting), which was ahead of estimates. Volume grew 30% while its margin expanded more than 650bps YoY, leading to a beat on EBITDA. Three things stood out for the analysts. Firstly, Mamaearth grew in the teens YoY and management expects double-digit growth to continue. Then the offtake growth in general trade and modern trade was up 30% YoY, a healthy sign of rising brand traction. Lastly, operating leverage, albeit on a soft base, helped EBITDA beat our estimate by more than 140bps. Analysts think Honasa’s runway to scale brands via its focus categories and hero SKUs remains long. Execution of the Mamaearth turnaround continues to improve and analysts expect margin expansion to continue.Morgan Stanley maintained its overweight rating on LG Electronics India with the target price at Rs 1,726. Analysts said the company’s revenue grew 8% YoY led by premiumization and broad-based demand recovery. Its EBITDA margin declined 230 bps to 11.7% due to commodity inflation and rupee depreciation, while adjusted PAT fell 8% YoY. The company’s home entertainment revenue rose 20% YoY. There’s industry-wide price hikes underway to offset commodity cost pressure, and the company’s management expects cost pressures to ease as geopolitical conditions stabilize.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)