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Informist, Wednesday, Apr. 8, 2026

 

MUMBAI – Nuvama Institutional Equities expects the earnings of Nifty 50 companies to rise 4% on year in the March quarter. The brokerage expects the earnings for the quarter to remain soft, similar to the previous seven quarters.

 

"Overall, an earnings recovery is still elusive," Nuvama said in its earnings preview report. The earnings-per-share of the Nifty 50 companies is expected to rise 4% on year, which is likely to pose downgrade risks to consensus estimates, the brokerage said. According to the brokerage, profits for energy, pharmaceutical, banks, fast-moving consumer goods, industrials, and electronics manufacturing services companies are likely to be weak in the March quarter, while strong growth is expected for domestic automobile, metals, retail, and non-banking finance companies.

 

The brokerage expects the companies in the 50-stock index to report revenue growth of 10% on year in the March quarter. In the December quarter, revenue growth rose 9% on year for these companies. The earnings before interest, tax, depreciation, and amortisation for these companies is seen rising 6% on year, slower than 7% in the previous quarter.

 

Nuvama expects more than 15% on-year top line growth for the internet, telecom, domestic automobile, retail, non-banking financial companies, and non-lending financials. Sectors such as information technology, pharmaceuticals, durables, metals, insurance, and cement are expected to report revenue growth between 10% and 15%. However, Nuvama estimates banks, industrials, chemicals, energy, FMCG, paints, and electronics manufacturing services companies to report a weak revenue growth, less than 10% on year.

 

The war-led supply disruptions are likely to weigh on elevated profit margins ahead, while the top line could stabilise, the brokerage said. High global uncertainties are providing a cautious note for domestic equities.  End

 

Reported by Arundathi A R

Edited by Ashish Shirke

 

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