Nifty companies with scheduled earnings dates:
July 14, Monday: HCL Technologies
July 15, Tuesday: HDFC Life Insurance Company
July 16, Wednesday: Tech Mahindra
July 17, Thursday: Axis BankJuly 19, Saturday: HDFC BankJuly 19, Saturday: ICICI Bank
July 21, Monday: UltraTech Cement
July 23, Wednesday: Dr Reddy’s Laboratories, Infosys
July 24, Thursday: Bajaj Finance, Nestle India
July 25, Friday: Bajaj Finserv, Cipla
July 29, Tuesday: Asian Paints
August 12, Tuesday: Hindalco Industries
According to brokerage firm Motilal Oswal Financial Services (MOFSL), Nifty is expected to report a modest 5% year-on-year (YoY) growth when the June quarter results season begins July 10 with TCS leading the charge. In its view, Q1 will likely mark the critical inflection point from months of subdued single-digit growth.
“We perceive 1QFY26 as the ‘Crossover quarter,’ which should mark the crossing-over from a subdued low-single-digit earnings growth of FY25 towards a more sustainable double-digit earnings growth over the four subsequent quarters,” Motilal Oswal said in its latest research note.
The brokerage’s bottom-up analyst estimates project a sharp acceleration ahead, with MOFSL universe earnings expected to surge 10% YoY in Q1, followed by an impressive 12%/15%/14% growth trajectory in the subsequent three quarters. The Nifty is forecast to post 5% growth in Q1, then accelerate to 6%/13%/16% in the following quarters.
Multiple sectors are expected to deliver double-digit profit growth, with real estate leading the charge at 40%, followed by EMS at 46%, cement at 35%, and retail at 23%.
“The number of sectors likely to post negative growth is expected to be lower at 2 (Autos and Metals) in 1QFY26 vs. 6 sectors in FY25 – indicating improving dispersion of growth,” the brokerage noted. Significantly, for the full year FY26, Motilal Oswal currently doesn’t factor any sector to post negative profit growth.
The oil & gas sector is expected to be the primary driver, with a massive 42% year-on-year growth fueled by oil marketing companies. Telecom is set for a dramatic turnaround from losses to profit, while other key contributors include technology (+7%), lending NBFCs (+8%), PSU banks (+5%), and healthcare (+11%) – collectively accounting for 89% of the incremental earnings growth.
Also Read: Q1 results season: The crossover quarter that could end India’s growth drought
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
