return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Earnings
    /
  5. Upcoming Q1 FY27 results this week: TCS, GM Breweries, Avenue Supermarts and more; here’s what to expect

Market News

Upcoming Q1 FY27 results this week: TCS, GM Breweries, Avenue Supermarts and more; here’s what to expect

Ahana Chatterjee - image.jpg
By Ahana Chatterjee

3 min read | Updated on July 08, 2026, 11:15 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

In the Q1 FY27, NIFTY50 jumped 6.6%, surpassing the Q4 FY26 returns as the index dropped 14% in the period.

Stock list

TCS
--
DMART
--
JUSTDIAL
--
GMBREW
--
earnings-list-Q1-Fy27

The first quarter of FY27 started with high negative sentiment due to the war in the Middle East. | Image: Shutterstock

Q1 FY27 results this week: The earnings season for the quarter ended June 30, 2026 (Q1 FY27) is set to begin this week. Nearly 16 companies will announce their results during the week.
Open FREE Demat Account within minutes!
Join now

The major companies that are expected to release their earnings are Tata Consultancy Services (TCS), GM Breweries, Indian Bank, L&T Finance, Bank of Maharashtra, Avenue Supermarts and more.

Q1 results this week: Check the day-wise list

June 9, 2026: Tata Consultancy Services, Anand Rathi Wealth, GM Breweries, Eimco Elecon (India), Supreme Infrastructure India, Cupid Breweries and Distilleries, Arunjyoti Bio Ventures and Gujarat Hotels.
July 10, 2026: Indian Bank, L&T Finance, Elecon Engineering Company, Just Dial, International Travel House, Umiya Buildcon and Newtrac Foods and Beverages.
July 11, 2026: Avenue Supermarts, LTM and Avantel.

In the first quarter of FY27, the benchmark NIFTY50 jumped 6.6%, surpassing the fourth quarter FY2025-26 returns as the index dropped 14% in the period. The first quarter started with high negative sentiment due to the war in the Middle East, which continued till the end of June.

Expectations from Q1 FY27

Morgan Stanley India equity strategist Ridham Desai, in a note on Wednesday, said the pickup in revenue growth momentum is expected to remain healthy in Q1 FY27, although earnings may come under pressure due to input cost-led margin compression. He noted that India continues to be in a higher earnings growth phase, supported by policy stimulus, with high-frequency indicators pointing to potential upside surprises.

Desai added that all 10 sectors are likely to report positive revenue growth, led by Consumer Discretionary, Communication Services and Industrials. However, he expects earnings growth to be driven by Communication Services, Materials and Financials, while Energy and Industrials may see declines.

Among key contributors, Bharti Airtel and Axis Bank are likely to drive aggregate BSE Sensex earnings, whereas IndiGo is expected to be the weakest performer, Desai said.

Furthermore, Jefferies India strategist Mahesh Nandurkar said revenue growth is expected to remain the key highlight for the June quarter, supported by resilient economic activity and a rise in nominal GDP, which could drive growth to a 13-quarter high. However, he noted that higher energy and input costs are likely to weigh on margins for select domestic companies.

Nandurkar added that overall earnings are expected to remain resilient, with growth excluding oil & gas and metals likely to come in at around 12% year-on-year.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

Next Story