Today is scheduled for the announcement of financial results for the second quarter of the fiscal year 2026-27 (Q2FY27) by 49 firms. Among them are Jio Financial Services, Wipro, Nestle India, Polycab, D B Corp, HDFC AMC, HDFC Life, Indian Bank, and Angel One.
Analysts predict moderate results for Wipro in Q2FY27. Revenue is expected to grow by approximately 8% year-over-year (Y-o-Y). Specifically, Axis Direct forecasts Wipro's revenue growth at 8.4% Y-o-Y to INR 24,601 crore, while net profit is expected to increase by 2.6% quarter-over-quarter (Q-o-Q) to INR 3,445 crore. PL Capital anticipates a 0.5% decline in IT services revenue in constant currency, with total revenue estimated at INR 24,910 crore. Both brokerage firms expect an improvement in EBIT margins to 16.4%, supported by currency advantages, increased cost efficiency, and no salary hikes, although this is partially offset by an increase in trading volume.
Forecasts for Nestle
Regarding Nestle India, brokers anticipate significant growth in revenue and profit in Q2FY27. This growth is supported by stable consumption, healthy sales volume growth, selective price increases, and product premiumization. Axis Direct forecasts revenue growth of 20.1% Y-o-Y to INR 6,765 crore and EBITDA growth of 29% to INR 1,595 crore. HDFC Securities expects revenue growth of 21% to INR 6,809.2 crore and EBITDA growth of 30% to INR 1,608 crore. Both brokers believe that the EBITDA margin will expand to approximately 23.6–23.7%, thanks to lower coffee prices and improved sales mix. Furthermore, Motilal Oswal Financial Services forecasts revenue growth of 21% to INR 6,805.2 crore, with adjusted net profit increasing by about 38% to INR 1,026.7 crore.
Market Overview Today
Despite negative global signals, the Nifty50 and Sensex indices showed gains as banking and IT sector stocks advanced. By 9:20 AM, the Sensex rose by 276.28 points or 0.38% to 73,058.17, and the Nifty50 increased by 79.65 points or 0.35% to 22,702.35.
Asia-Pacific markets started trading lower, following similar overnight movements in Wall Street indices after data showed that US inflation rose faster than expected. The South Korean Kospi fell by more than 7%, causing losses in the region. Japan's Nikkei 225 index declined by almost 5%.
Companies Reporting Second Quarter Results Today
The list of companies reporting results today includes 360 ONE WAM, 5paisa Capital, Advik Capital, Alok Industries, Angel One, Armee Infotech, Avenique, BFL Asset Finvest, Bombay Super Hybrid Seeds, Butterfly Gandhimathi Appliances, Carnation Industries, CCL Products (India), City Pulse Multiventures, Cyient DLM, D B Corp, Fedbank Financial Services, HDFC Asset Management Company, HDFC Life Insurance Company, Heritage Foods, IIFL Finance, Indian Bank, Indian Railway Finance Corporation, Jio Financial Services, Kabra Extrusiontechnik, Leading Leasing Finance And Investment Company, Sri Lotus Developers and Realty, L&T Finance, Mahindra EPC Irrigation, Metro Brands, MPF Systems, Mangalam Worldwide, Narmada Macplast Drip Irrigation Systems, Nestle India, Orient Electric, Oriental Hotels, Persistent Systems, Polycab India, SBC Exports, Shree Krishna Infrastructure, South Indian Bank, Sterling and Wilson Renewable Energy, Tata Communications, Tech Mahindra, Tips Music, Tuni Textile Mills, UCO Bank, USG Tech Solutions, Vipul, and Wipro.