India Inc's FY27 profit growth estimates drop 700 bps since February
Consensus estimates for India Inc's FY27 profit growth have been cut sharply as the Iran conflict drives up input costs and a weaker rupee adds to the strain, according to a report from Axis Securities. Aggregate earnings growth for September is now put at -16.9%, down from 2% in February. Consumer staples were trimmed to -3.8% from 9.8%, while real estate was upgraded to 28.1% on sustained demand for premium housing. Higher energy, freight and imported component costs were the main drag.