According to estimates, the Nifty 50 firms are expected to post single-digit year-on-year growth in both revenue and net profit for the December 2025 quarter, reflecting a continuation of the recent trend of modest earnings expansion.
Analysts from the Economic Times Intelligence Group (ETIG) forecast that aggregate revenue for the index may rise by around 7.4 %, while net profit growth could be about 6.1 % for the quarter. This marks a slight improvement in top-line growth compared with the same period last year but a slowdown in profit growth, which was about 10 % a year ago.
The subdued profit performance is expected to be driven by weaker results in specific sectors, notably pharmaceuticals, IT services, and the passenger vehicle segment of Tata Motors, which may weigh on overall earnings.
While some individual companies like Larsen & Toubro are projected to deliver double-digit revenue and profit growth, most of the broader index is likely to see only modest increases. Operating margins across Nifty 50 firms are still expected to remain relatively healthy, staying above 20 % for the 13th consecutive quarter, according to analysts.
Despite the muted quarter, analysts point to policy support, strengthening domestic demand, and potential tax benefits as factors that could provide a foundation for a stronger earnings recovery in the coming fiscal year.
Key Takeaways
- Nifty 50 revenue growth: ~7.4 % YoY (December quarter).
- Net profit growth: ~6.1 % YoY, slower than last year.
- Weakness expected in pharma, IT, and Tata Motors PV results.
- Operating margins likely above 20 % for the quarter.
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