Q1FY26 Update - Part 3 - English

As we close out this quarterly review, we shift focus to five sectors that mirror India’s evolving growth engines—building materials, financial services, specialty manufacturing, auto ancillaries, and chemicals. The numbers are in, but what do they really tell us? Is housing demand translating into sustainable growth for material suppliers? Can digital-first lenders maintain momentum as competition heats up? Will niche engineered products carve out a bigger global footprint? How long can auto ancillaries ride the cyclical upswing? And are specialty chemicals poised to benefit from the global supply chain reset? We uncover where opportunity might lie, and where caution could be warranted.