Q2 Earnings Preview: Large Caps May Grow 20%, Small Caps 30% | Sectors To Watch

India Inc could report strong earnings growth in Q2, supported by a favourable base effect and broader improvement across sectors. Large-cap companies are expected to deliver around 20% earnings growth, while mid-caps could grow 10–15% and small-caps around 30%. Sneha Poddar, Vice President, Research Analyst, B&D, MOFSL, shares her earnings outlook and explains why inflation could put 50–100 basis points of pressure on margins. The discussion highlights financials, NBFCs, metals, oil and gas (excluding OMCs), and telecom as key growth drivers, while examining what investors should watch during the earnings season and how to approach earnings-led opportunities.