NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

Indian Earnings Season Continues with Q4 Results

The Indian stock market is gearing up for another day of earnings releases, with over 170 companies scheduled to announce their financial results for the quarter ended on March 31, 2026, on Thursday, 21 May. This ongoing earnings season has seen the benchmark Nifty 50 manage to stay above the 23,600 mark, with the Sensex advancing 117.54 points, or 0.16%, to end at 75,318.39, while the Nifty 50 rose 41 points, or 0.17%, to settle at 23,659.00.

Key Results to Watch

Several prominent companies are set to declare their Q4 results 2026 today, including Life Insurance Corporation of India (LIC), ITC, LG Electronics India, GAIL India, FSN E-Commerce Ventures (Nykaa), and JSW Cement. Among these, LIC is expected to deliver a healthy 13% growth in APE, driven by growth in the Group segment and a favorable base. Emkay Global forecasts a 16% year-on-year surge in profit after tax and a 20.5% growth in VNB margin for Q4FY26E.

Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4

CompanyCigarette Business Revenue GrowthFMCG Business Revenue Growth
ITC-2%11%
ITCFlattish YoY-

Meanwhile, Motilal Oswal expects ITC's FMCG business to post healthy growth, with a 37% EBIT growth and a 140bp margin expansion. The cigarette business revenue is expected to decline 2% due to an increase in taxation.

Nykaa Q4 Results Preview

Kotak Institutional Equities models Nykaa's overall GMV/revenue growth of 27/25% YoY, primarily driven by BPC GMV/revenue growth of 24-25% YoY and fashion business GMV/revenue growth of 32/36% YoY. The firm expects an EBITDA margin of 7.6%, implying a 110bps YoY margin expansion, with operating leverage in BPC and lower losses in Fashion driving YoY margin expansion.

Read also: MarketSmith India's 4 June Stock Recommendations

Companies to Declare Q4 Results 2026

The following companies are scheduled to declare their Q4 results 2026 today:

  • Life Insurance Corporation of India
  • ITC
  • LG Electronics India
  • GAIL India
  • FSN E-Commerce Ventures (Nykaa)
  • JSW Cement
  • ... (over 170 companies)

Investor Takeaway

Investors should monitor the Q4 results of these companies for any significant changes in their financial performance.

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