India’s Week of Wins: Earnings Beat, Bullish Brokerages, and More

India has had a remarkable week, with the women’s team winning the World Cup, UPI transactions crossing 20 billion in October, and GST collections reaching Rs 1.95 lakh crore. In corporate news, the Enforcement Directorate froze Anil Ambani Group properties worth $853 million in a money-laundering probe.

News From The West

Donald Trump’s recent summit with Xi Jinping raised the possibility of a new world order headed by the two superpowers. Trump also praised PM Modi as a great man and signaled that he may visit India next year. Additionally, the US SEC Chairman proposed eliminating quarterly earnings disclosures in favor of semi-annual reporting.

Interesting Perspective On US Indebtness

The US federal debt to GDP ratio has expanded from 60% in 2007 to 120% in 2024. However, households’ debt as a percentage of GDP fell from 100% to 69%, while non-financial corporate business debt remained at about 46% of GDP. This means that the US federal government became the backstop for the US economy, while households and businesses repaired their balance sheets.

For more information on US debt to GDP ratio, visit our website.

Earnings This Week

The Q2FY26 earnings season shows subdued trends in mass-consumption items but an uptick in select discretionary segments. Titan Company led the highlights with a robust 25% YoY revenue surge and net profit jumping 43%. Bharti Airtel posted an 89% YoY leap in consolidated net profit, with ARPU climbing to Rs 256.

Learn more about Titan Company Q2 results and Bharti Airtel Q2 results on our website.

Brokerages On India

HSBC believes that after underperforming Asia by 30% in the past 12 months, the worst is over for Indian equities. Morgan Stanley says that the revenue, EBITDA, and net profit growth in their coverage universe stood at 8%, 12%, and 13% respectively.

Read more about HSBC on Indian equities and Morgan Stanley on Indian equities on our website.

Conclusion

In conclusion, India has had a remarkable week, with the women’s team winning the World Cup, UPI transactions crossing 20 billion in October, and GST collections reaching Rs 1.95 lakh crore. The Q2FY26 earnings season has shown subdued trends in mass-consumption items but an uptick in select discretionary segments.

Visit our website to learn more about Indian stock market trends and Q2 results of Indian companies.