India Inc opens FY27 with 15% profit growth as Reliance retail, telecom offset oil-to-chemicals drag
Across 155 companies, net sales rose 17.4% YoY to Rs 10.68 lakh crore and net profit climbed 15% in Q1 FY27. Reliance's consumer arms cushioned cyclical oil-to-chemicals weakness, signaling healthy parent-level capital flows for its retail expansion, though operating margins slipped 27bps to 26.85% on rising costs.
India Inc posted 15% profit growth in Q1 FY27 across 155 companies. Reliance's telecom and retail arms cushioned oil-to-chemicals cyclicality, signaling healthy parent-level capital flows relevant to its retail surface, though margins slipped on rising costs.