Mumbai, Nov 26 || India appears to be entering a long-awaited earnings upgrade cycle, driven by resilient corporate performance, strong festive demand, supportive policy actions, and an improving macroeconomic environment, a report said on Wednesday.
After five consecutive quarters of downward revisions, Nifty earnings have finally reversed course, showing upgrades of 0.7 per cent, 0.9 per cent and 1.3 per cent for FY26, FY27 and FY28, respectively.
"This marks a significant shift in sentiment and establishes early but clear signals of a broad-based revival in corporate profitability," according to the report by PL Capital.
Nifty has risen 4 per cent in the past three months, breaking out of a prolonged consolidation phase.
According to the report, this shift to better-than-expected second quarter (Q2 FY26) corporate earnings, hopes of progress in resolving tariff disagreements with the United States, and a visible resurgence in domestic consumption during the ongoing festive and wedding season.