131 companies report Q4FY26 today; Asian Paints, IndiGo, NMDC headline soft consumption read

Asian Paints expected to post just 4.7% revenue growth with decorative volumes +9% YoY but GP margin compressed to 44.3% on downtrading. IndiGo eyes 5% ASK growth at 44.2bn with PLF 86% and avg fare ₹6,149. NMDC steady at ₹1,700 EBITDA/t. Urban demand signal weak.

— Source publishedFri, 29 May, 2026, 08:36 IST·First seen Fri, 29 May, 2026, 08:41 IST·Source Mint · Markets

What happened

131 firms report Q4FY26 on 29 May. Asian Paints expected weak with 4.7% revenue growth amid soft urban demand and downtrading; IndiGo to post 5% ASK growth with

Key facts

  • 131 companies
  • Q4FY26 revenue growth 4.7%
  • decorative paints volume +9% YoY
  • GP margin 44.3%
  • EBITDA margin 18.5%
  • IndiGo ASK 44.2 bn (+5% YoY)
  • PLF 86%
  • avg fare ₹6,149
  • NMDC EBITDA/t ₹1,700

Why this matters

Downtrading pressure and weak urban demand create a buyer's window for bolt-on acquisitions in premium decorative and adjacencies as smaller peers face margin stress.