LLama Research

Nifty EPS estimates for FY26 started at ₹1,200. They are already down to ₹1,070.

Shocking? Not really. This happens almost every year.
In 8 of the last 12 years, analyst earnings estimates were cut before year-end.

The average miss? 22%. And yet Nifty compounded at 11% CAGR through all of it.

FY15: Street expected ₹522 EPS. Delivered ₹360.
FY19: Expected ₹570. Got ₹386.
The pattern is clear. Analysts overshoot. Markets don't care.

IT is soft. Consumption is soft. Oil is volatile. But here's the thing. When the drags are already known, they tend to be priced in. Markets don't crash on headlines everyone's already read.

Share this the next time someone panics about an earnings downgrade.

Full earnings analysis in our April MAP report. Link in bio.



Investment in securities market are subject to market risks. Read all the related documents carefully before investing.