The Reserve Bank of India (RBI) reported a 13.9% year-on-year sales growth for listed private non-financial companies in Q4 2025-26, up from 10.1% in the previous quarter.
This data, based on financial results of 3,266 companies, highlights growth across manufacturing, IT, and non-IT services sectors. Manufacturing companies saw a 14.5% sales growth, driven by industries like automobiles, electrical machinery, and non-ferrous metals.
IT companies recorded a 9.9% growth, while non-IT services companies experienced a significant 20.3% increase, supported by wholesale and retail trade. However, rising raw material costs impacted manufacturing companies, with expenses increasing by 18.3% year-on-year.
The raw material-to-sales ratio rose to 58.5% in Q4, reflecting input cost pressures. Staff costs in manufacturing grew at a slower 9.8%, while non-IT services staff costs rose by 8.9%.
Operating profit growth for manufacturing companies moderated to 9.4%, while IT and non-IT services companies saw improvements at 14.1% and 6.5%, respectively. Interest coverage ratios improved for manufacturing firms but remained stable for non-IT services.
The RBI's data provides a detailed view of the private corporate sector's performance, offering insights into sectoral trends and financial health amid global uncertainties. Key Points - Private non-financial companies saw 13.9% sales growth in Q4 2025-26.
- Manufacturing sector sales grew 14.5%, led by key industries. - IT companies recorded 9.9% sales growth; non-IT services grew 20.3%. - Raw material costs for manufacturers rose 18.3%, increasing cost pressures.
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