New Delhi, July 9 -- As the June quarter earnings season begins tomorrow, with IT majors leading the announcements, expectations from India Inc. remain measured. While key domestic indicators-such as easing inflation, improving liquidity, and an above-normal monsoon-are encouraging, their positive impact is yet to be meaningfully reflected in corporate earnings.

Analysts expect these tailwinds to start yielding significant results from the second half of FY26. After four consecutive quarters of low single-digit growth, the aggregate profit after tax (PAT) for Nifty 50 companies is expected to show another modest rise of 5% year-on-year in Q1FY26, largely driven by a strong rebound in the profitability of oil marketing companies, as per t...