The Indian market has been navigating unpredictable times since the start of the financial year in March. The chaos started early, with Trump’s “Liberation Day” tariffs on April 2 and continuing through the India-Pakistan and Iran-Israel conflicts. Every time things seem to settle, a new twist appears. Despite the uncertainty and the feeling that we are stuck inside a bad thriller movie, the Nifty 50 is up 7.2% since the beginning of the financial year.

Companies ended FY25 on a strong note, with Nifty 500 firms posting better-than-expected returns in Q4. The momentum and strong FY26 guidance have kept investors focused on earnings as the Q1FY26 results draw near.

Commenting on the outlook, Nilesh Shah, Managing Director at Kotak Mahindra AMC, said, “We expect earnings to improve gradually over the next few quarters for corporate India. Rural demand is recovering, interest rates have come down, and liquidity has improved. We expect Nifty earnings to grow 11–13% in FY26.”

In this edition of Chart of the Week, we analyse the top 20 stocks with the highest earnings per share (EPS) and revenue growth projections for Q1FY26.

Laurus Labs and Gujarat Fluorochemicals are among the companies expected to post strong EPS growth in the upcoming quarter results, according to Trendlyne’s Forecaster. Favourable product mix and improved operating margins are projected to lift profitability.

Kaynes Technology, Bharat Dynamics, and C.E. Info Systems are gearing up to deliver strong topline growth through capacity expansion and the execution of government contracts.

Inox Wind, FSN E-Commerce Ventures, Sobha, and Coforge aim to drive EPS and revenue growth by scaling up new operations amid rising demand.

Expansion and cost control to lift Q1 net profit

Trendlyne’s Forecaster highlights stocks expected to post the highest EPS growth in Q1FY26 across sectors such as hotels, restaurants & tourism, chemicals, pharmaceuticals & biotechnology, and FMCG.

Rising rural demand, new product launches, income tax relief, and lower food inflation drive the growth. 

Analysts expect a demand uptick for companies such as Westlife Foodworld, Gujarat Fluorochemicals, Titan Company, and Jubilant Foodworks.

Pharmaceuticals company Laurus Labs has gained 56% in the past year, driven by strong order inflow in its contract development and manufacturing organisation (CDMO) business and improved capacity utilisation. These factors helped boost the EBITDA margin by four percentage points to 19.8% in FY25. 

For Q1FY26, Trendlyne Forecaster estimates Laurus Labs to post the highest EPS growth among Nifty 500 peers at 782.6% YoY and 24.5% revenue growth. This sharp increase comes as the company reported a steep 50% drop in net profit in Q1FY25 due to weak active pharmaceutical ingredient (API) demand and margin pressure, making the Q1FY26 profit growth appear much higher in percentage terms.

McDonald’s restaurant operator Westlife Foodworld expects a dramatic 614% YoY EPS growth in Q1FY26 and revenue growth of 10.8% due to higher footfall and stabilised commodity prices driving a recovery in same-store sales. In contrast, in Q1FY25, net profit fell 88% YoY to 3.3 crore, due to higher store expansion expenses and weak discretionary spending.

The company added 81 stores over the last two years, expanding from 357 outlets in FY23 to 438 in FY25. It aims to cross 630 stores by the end of FY27.

Its competitor,  Jubilant FoodWorks, added 325 stores across Domino’s Pizza, Dunkin’ Donuts, and Popeyes brands in FY25, taking the total store count to 3,316. Trendlyne Forecaster estimates EPS growth of 110% YoY and revenue growth of 12.6% in Q1FY26, driven by the company’s expansion into Tier 2 and 3 towns and a stronger focus on premium offerings.

Meanwhile, Trendlyne Forecaster estimates Gujarat Fluorochemicals to post 146.9% YoY EPS helped growth and 19.4% revenue growth in Q1FY26, driven by its focus on high-value products such as battery chemicals and Fluoropolymers.

In FY25, its fluoropolymer segment recorded strong revenue growth, thanks to higher volumes and stable product prices as the company ramped up production capacity. It also shifted towards higher-margin fluoropolymers used in electric vehicle batteries, which boosted realisations and improved operating margins by 3.4 percentage points to 24.1%.

To capitalise on EV growth, Dr. Bir Kapoor, CEO, said, “We are investing Rs 6,000 crore to expand capacity for EV battery materials and aim to enter high-demand markets in the US and Europe by FY28 through this vertical.” 

IT and consumer durables set for revenue boost on rising demand and order wins

Trendlyne Forecaster estimates strong Q1FY26 revenue growth for Kaynes Technology, Bharat Dynamics, C.E. Info Systems, National Aluminium Company, and Coforge.

Kaynes Technology, a consumer durables company, has delivered a 900% return to shareholders over the past three years. During this period, its revenue grew at a CAGR of 58.5% and profit at 91.9%, driven by strong demand from the automotive and industrial automation sectors and support from government-backed Production-Linked Incentive (PLI) schemes. Trendlyne Forecaster projects 58.8% YoY revenue growth and 38.2% EPS growth for Q1FY26.

Jairam Sampath, CFO, said, “We are projecting 60% revenue growth for FY26 and expect EBITDA margin to improve by 50 basis points to 15.6%, helped by a strong order book and execution of new business opportunities. We also expect exports to contribute 20–25% of revenue, up from the current 10%.”

Forecaster expects  C.E. Info Systems (MapmyIndia) to post 40.1% revenue growth and 25.3% EPS growth in Q1FY26, driven by a strong order book from the automotive segment and government contracts. In FY25, its order book stood at Rs 1,500 crore.

Rakesh Verma, CMD, said, “In FY25, we expanded into the Southeast Asian market, and we project revenue from this region to grow from Rs 26 crore in FY26 to Rs 80 crore by FY28, with the order book expected to cross Rs 2,000 crore.”

Capital goods and realty stocks lead Q1FY26 profit and revenue forecasts

Analysts expect strong EPS and revenue expansion in the upcoming quarter for stocks including Inox Wind, FSN E-Commerce Ventures, Sobha, Coforge, and Multi Commodity Exchange, supported by healthy demand and margin improvement.

Inox Wind holds a 15% market share and gained 21% over the past year. It leads Nifty 500 peers with a 158.2% YoY revenue growth and EPS growth of 616.8% for Q1FY26. The company posted positive EPS in FY25 of Rs 3.4 after the promoter infused Rs 2,200 crore in FY25 to reduce debt and improve working capital.

Management aims to achieve 1,200 MW of wind turbine execution in FY26 and expects revenue realisation to increase to Rs 5.5 crore per megawatt (MW), up from Rs 5 crore. In FY25, its order book stood at 3,203 MW. Analysts at Axis Direct project strong revenue visibility over the next 2–3 years and expect revenue to grow at a CAGR of 69% during FY26–27.

Realty player Sobha has seen its share price rise 20% over the past three months. Its average price realisation rose 23% Rs 13,412 per sq ft in FY25 as it entered high-income markets such as Mumbai and Greater Noida. Trendlyne’s Forecaster estimates EPS growth to be 440% and revenue growth to be 122.5% YoY for Q1FY26.

Yogesh Bansal, CFO, said, “We plan to launch nine mn sq ft of residential projects in FY26 and target to achieve Rs 10,000 crore in sales, a 60% jump over FY25. We expect a 33% EBITDA margin of Rs 15,873 crore of unsold inventory, compared to 9.8% last year, as we shift towards premium projects.”

Similarly, stocks from the pharmaceuticals and biotechnology, metals and mining, and capital goods sectors—such as Laurus Labs, Godawari Power & Ispat, National Aluminium Company, Bharat Dynamics, and Signatureglobal—also fall into the category of high EPS and revenue growth estimates.