Despite geopolitical conflicts in West Asia impacting international markets, leading Fast-Moving Consumer Goods (FMCG) companies like Dabur India and Marico are projecting strong high single-digit growth for the final quarter of FY26, buoyed by robust domestic demand in India. Photograph:
‘When markets go into a Budget with excessive optimism, the risk of disappointment is higher.’ IMAGE: Finance Minister Nirmala Sitharaman holds a pre-Budget interaction with students of the Delhi School of Economics, January 8, 2026. Photograph: @nsitharamanoffc X/ANI Photo It
This fear has led to valuation derating, with price-to-earnings multiples compressing as analysts lowered both near-term earnings growth estimates and long-term terminal growth assumptions in their discounted cash flow models. Illustration: Dado Ruvic/Reuters Key Points FPIs sold IT stocks worth
