Q1FY26 report card: Banks, FMCG drag but cement and defence shine – Recovery signs ahead?
India Inc’s June quarter saw a decline in earnings due to weak performance from banks, IT, and consumer staples. However, sectors like cement, autos, defence, and hospitals provided some relief. Analysts predict a better performance in the September quarter, but caution that GST rate cuts may delay a full recovery until December. te cuts.