The miss is probably more to do with margins because of the skew of the BSNL deal in the quarter, but this is also going to be a tailwind in the subsequent year.
FMCG stocks remained under pressure in 2026, with the sector index declining 10% year-to-date amid geopolitical disruptions and inflationary pressures. Most major names, including ITC,
GIFT Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia. Profit
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