Earnings Surprise, Cautious Outlook Ahead

Q4FY25 earnings have surprised positively so far, but the market's low expectations, fuelled by two lacklustre quarters, had already factored in slow revenue and profit growth. Despite numbers meeting or exceeding expectations, cautious sentiment persists, hinting that broad-based growth may give way to sector and stock-specific performance. Our report breaks down sector-wise performance, spotlighting winners, losers, and industry outlooks