Motilal Oswal Keeps Neutral Rating on Amara Raja, Sets Rs 740 Target

Motilal Oswal reported Amara Raja's 2QFY27 PAT at INR1.8b, 13% above its estimates. The company implemented a 2% price hike in the quarter, taking the cumulative increase in 1HFY27 to 5%; EBITDA margin held at 10.1% quarter over quarter.