India Inc Q4 FY26: retail +12%, FMCG +14%, e-commerce +141%, jewellery +47% on GST cut tailwind
Aggregate results from 650 listed firms show 13.7% revenue and 17.8% profit growth in Q4 FY26, with consumption sectors leading. September 2025 GST cuts appear to have lifted urban and rural demand, though FY27 inflation risks could pressure margins now running at 30.3%.
Q4 FY26 results across 650 Indian companies show retail up 12%, FMCG 14%, e-commerce 141% and jewellery 47%, suggesting GST cuts from Sept 2025 stimulated both urban and rural consumption, though FY27 inflation risks loom.