New Delhi, July 10 -- The broader consumption demand in the country may take one or two more quarters to recover fully, according to a recent report by Axis Securities.

The report provides an overview of the Q1FY26 earnings season and highlights key factors influencing the market.

It stated that the first quarter of FY26 was marked by several important developments. These included geopolitical tensions, volatility in crude oil prices, interest rate cuts, unseasonal rainfall, supply chain disruptions, and improving liquidity.

These events have created a mixed trend in earnings performance, similar to what was observed in previous quarters.

Some improvement is expected in the first quarter of FY26 due to better performance in certain hi...