India Inc Q4 sales seen up 9% YoY; Q1 growth to moderate: Report

IANS New Delhi

India Inc is estimated to have recorded 8.5% to 9% year-on-year revenue growth in the fourth quarter of fiscal 2026 (Q4 FY26), driven by strong volume momentum in automobiles and white goods following GST rate rationalisation in September 2025, a report said on Friday.

The data compiled by Crisil Intelligence noted that while corporate India has maintained healthy growth so far, the outlook for the first quarter of fiscal 2027 is likely to moderate, with revenue growth projected at 8% to 8.5% on-year. This slowdown is expected as price hikes, triggered by geopolitical developments such as the ongoing West Asia conflict, begin to weigh on demand.

Crisil Intelligence highlighted that the impact of the conflict was already visible in sectors directly linked to the region during the fourth quarter of FY26. However, broader and more systemic effects are expected to unfold over the first two quarters of FY27. For India, the region remains critical across energy, trade and remittance channels, making the economy particularly sensitive to prolonged disruptions. India imports nearly 89% of its crude oil requirements, with about 46% routed through the strategically important Strait of Hormuz.