Q4 results 2026: The earnings season will enter the third week with more than 200 companies scheduled to release their financial results for the year ending on March 31, 2026.
Maruti Suzuki, UltraTech Cement, Eternal (Zomato), Adani Enterprises, Hindustan Unilever, Kotak Mahindra Bank, and Coal India are some of the marquee companies to declare their next week.
According to Ponmudi R, CEO, Enrich Money, the ongoing Q4 earnings season is expected to act as a key catalyst for stock-specific price action, with market participants closely tracking reported numbers, forward guidance, and sectoral outlooks to reassess earnings visibility and valuation comfort across segments.
“Performance of heavyweight stocks and key sectors will remain critical in influencing overall index direction. Overall, while there is potential for recovery on positive triggers, the sustainability of any upmove will depend on geopolitical de-escalation, moderation in crude oil prices, and sustained buying interest. Until clearer directional cues emerge, are likely to remain range-bound with a cautious bias, warranting a disciplined and risk-managed approach,” Ponmudi said.
Maruti Suzuki Q4 results preview
Brokerage firm Motilal Oswal anticipates the company’s MSIL margins to decline 60bps quarter-to-quarter (QoQ) to 11.8% and post 7% YoY PAT growth in the fourth quarter.
“Volume growth was healthy at 12% YoY, led by steady demand, but upside was capped by capacity constraints. UV mix was largely flat at 34% vs. 35% QoQ. However, the export mix has improved 500bp QoQ to 21%. Reduced discounts QoQ may help to partially offset the surge in input costs,” the firm said.
Eternal Q4 results preview
Brokerage firm Kotak Institutional Equities expects to post 20% yoy growth in food delivery GMV and 99% yoy growth in Blinkit NMV. “The 99% yoy and 10% qoq NMV growth in Blinkit will be driven by rapid store addition (we model period-ending store count of 2,200, implying 173 new dark store additions in 4QFY26). Blinkit’s revenues will not be comparable yoy due to the shift to the 1P model 1QFY26 onwards,” the firm said.
It further anticipates 30 bps QoQ expansion in CM and 20 bps QoQ expansion in the EBITDA margin of the food delivery business to 8.8% and 4.6%, respectively.
“The margin expansion is partially driven by an increase in platform fees at the end of the quarter. For the Blinkit business, we model flat contribution and EBITDA margin qoq as operating leverage of older stores will be offset by pricing action taken due to an increase in competitive intensity. We expect Eternal to post adjusted EBITDA (post-rent, pre-ESOP) of Rs6.6 bn, higher YoY,” it added.
Hindustan Unilever Q4 results preview
Kotak expects the to post 6% YoY LFL revenue growth (assuming Rs4.5 bn ice creams revenue in base quarter, versus Rs2.6 bn in 3QFY26FY25) in 4QFY26 driven by 5% UVG (standalone, excluding ice creams) versus 4.4% and 3.5% yoy in 3QFY26, respectively.
“It implies consolidated USG/UVG of ~7%/5.5%. We estimate (1) 4.5% yoy growth in home care on a softer base (versus +2.6% yoy in 3QFY26) and anniversarization of some price cuts, (2) 6.3% yoy growth in BPC (versus +5% yoy in 3QFY26) led by some acceleration in B&W growth aided by both price hikes and UVG improvement and improvement in UVG of personal care, partly offset by lower pricing growth, and (3) HSD UVG/USG in F&R excluding ice creams,” it added.
Here’s a complete list of companies which are scheduled to report their Q4 results 2026 from 27 April to 2 May –
27 April
28 April
29 April
30 April
1May
2 May
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