Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBCs estimates. Mid- and small-cap companies led growth, while financials drove earnings upgrades. However, HSBC flagged risks of downgrades in coming quarters as elevated commodity prices persist and the benefits of GST cuts and inventory gains fade.

Indian companies delivered better-than-expected Q1FY27 earnings, with around 70% of firms meeting or beating HSBCs estimates. Mid- and small-cap companies led growth, while…

India Inc. faces challenges in Q2 earnings due to elevated commodity costs and geopolitical tensions, risking downgrades ahead.