Perusahaan-perusahaan Nifty 50 hadapi pertumbuhan laba yang lesu di tengah tekanan biaya

Perusahaan-perusahaan Nifty 50 memperkirakan pertumbuhan pendapatan dua digit untuk kuartal Juni 2026, namun hanya memproyeksikan kenaikan laba satu digit akibat meningkatnya biaya. Inflasi biaya input dan harga minyak mentah yang lebih tinggi menekan margin di berbagai sektor.

Para analis mencatat bahwa perusahaan dengan kekuatan penetapan harga yang kuat berada dalam posisi yang lebih baik untuk menjaga profitabilitas. Sektor-sektor seperti otomotif dan perbankan disorot karena potensi kinerja yang lebih kuat.

Prospek ini mencerminkan tantangan yang terus berlangsung dari tingginya biaya input yang terus memengaruhi ekspansi laba secara keseluruhan.

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Realistic illustration showing India's economic growth with cityscape and financial symbols amid global challenges.
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India's economy grows 7.7 per cent in 2025-26 amid global shocks

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Provisional GDP estimates released on Friday show 7.7 per cent growth for 2025-26. The figure exceeds the government's February prediction by 0.1 percentage points. Outlook for 2026-27 points to a slowdown.

Corporate India posted robust revenue increases during the March 2026 quarter. However, rising input costs and a weaker rupee pressured operating margins across many companies.

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Tata Consultancy Services expects muted revenue and profit growth for the June 2026 quarter. Client decision cycles are lengthening and project ramp-ups are slowing. Revenue is forecast to stay flat compared with the previous quarter.

Twenty-three companies in India's BSE 100 index have delivered weak annual returns over the past three years. Many of these stocks now trade below their historical valuations. The underperformance is concentrated in consumer, IT and BFSI sectors.

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Indian stock markets have recorded flat performance in recent periods. A study by Edelweiss Mutual Fund indicates these phases have historically led to stronger returns.

The Nifty IT index fell more than 6% to a three-year low on concerns triggered by Accenture's lowered revenue forecast. Infosys shares dropped 9% to a near six-year low, erasing nearly Rs 40,000 crore in market value. Other IT stocks including TCS and HCLTech also declined sharply.

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India's Nifty Smallcap 100 index recorded an 18.4% gain in April, marking its third-highest monthly rise since inception. Historical patterns indicate potential for further advances over the next year. Experts express optimism for small caps over 18-24 months despite elevated valuations.

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