Q1 results 2026: ITC to Maruti Suzuki, Sun Pharma, among companies to declare Q1 earnings today; full list here

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Q1 Results 2026, July 31 -- More than 50 companies are slated to announce their financial results for the quarter ended June 30, 2026 (Q1 FY27) on Friday, July 31, as the ongoing earnings season gathers pace. Key companies scheduled to report their June quarter numbers include Bajaj Finserv, ITC, Maruti Suzuki, Sun Pharma, Indian Oil, ABB India, GAIL (India) and Shree Cement.The earnings come at a time when domestic equities have shown resilience despite growing global uncertainties.On Thursday, July 30, the Sensex and the Nifty 50 ended higher for the second straight session, supported by gains in heavyweight stocks. The Sensex advanced 274 points, or 0.35%, to close at 77,928, while the Nifty 50 gained 67 points, or 0.28%, to settle at 24,317.Market sentiment remained cautious after the US Federal Reserve left interest rates unchanged but indicated that a rate hike could come as early as September. Investor sentiment was also weighed down by escalating geopolitical tensions. The US-Iran war intensified further, keeping crude oil prices elevated. Adding to the uncertainty, Jordan's air defence systems intercepted five Iranian missiles on Thursday morning, shortly after the US military said it had carried out "a heavy wave of strikes against Iran" in response to an earlier Iranian missile attack on a US military base in Jordan.Brokerage Motilal Oswal Financial Services (MOFSL) expects ITC to report largely muted consolidated performance for the June quarter. The brokerage estimates net sales to rise only 2% YoY to Rs.21,900 crore, while EBITDA is projected to decline 12.8% YoY to Rs.5,940 crore. EBITDA margin is expected at 27.1%, while consolidated profit after tax (PAT) is likely to fall 12% YoY to Rs.4,620 crore.The brokerage believes the biggest drag will come from the cigarette business, where revenue is expected to decline 18% YoY and volumes are likely to fall 11%, primarily due to higher taxation. MOFSL also expects cigarette EBIT to decline 25% and margins to contract as price hikes may not be sufficient to offset the tax impact.In contrast, ITC's FMCG business is expected to remain a bright spot. MOFSL has projected 15% revenue growth, 30% growth in EBIT, and a 90-basis-point expansion in margins. The brokerage also expects the company's agri business and paper business revenues to grow 11% and 7%, respectively.For Maruti Suzuki, MOFSL expects a...

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