In the non-50 pack, Vodafone Idea, Marico, WeWork India Management, Metro Brands, Motilal Oswal Financial Services (MOFSL), Raymond, Raymond Lifestyle, Raymond Realty, Emkay Global Financial Services, and Ramkrishna Forgings will declare their October-December quarter results.
Here’s what to expect from the earnings of Asian Paints, Vodafone Idea and TCPL:
Asian Paints Q3 preview
Asian Paints is likely to deliver a stable performance in the December quarter, with better volumes and margin improvement partially countered by weak pricing and a subdued demand backdrop. On average, five brokerages expect revenue to rise around 5% year-on-year in Q3, while profit after tax (PAT) is estimated to increase by about 8% compared with last year.Brokerages largely concur that revenue growth in Q3 is likely to stay modest despite improving volume momentum. Systematix expects volumes to grow around 10% year-on-year, but believes flattish net pricing and an unfavourable mix will cap topline expansion.
Read more: Asian Paints Q3 Preview: PAT seen up 8% YoY; volume growth to pick up
Vodafone Idea
Telecom company Vodafone Idea is likely to post a subdued performance in the December quarter, with muted revenue growth and widening losses, as modest gains in average revenue per user (ARPU) continue to be offset by persistent subscriber churn. Estimates from an average of five brokerages suggest revenue may rise by just about 1% year-on-year in Q3, while net losses are expected to widen to around Rs 6,700–7,000 crore.Brokerages broadly expect Vodafone Idea’s revenue to remain largely flat on a quarter-on-quarter basis, with limited upside from marginal ARPU improvement. Kotak Equities forecasts revenue growth of around 0.6% QoQ, driven by slightly better ARPU but largely neutralised by continued subscriber losses. Motilal Oswal also expects sequentially flat revenue, citing user base erosion offsetting pricing benefits.
Tata Consumer
Elara Capital has estimated TCPL’s PAT at Rs 400 crore for Q3FY26, reflecting a 39% year-on-year increase, though down 2% sequentially. Revenue is projected at Rs 4,960 crore, implying a 12% YoY growth and largely flat quarter-on-quarter performance. EBITDA is expected at Rs 690 crore, up 23% YoY and 3% higher on a QoQ basis.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
