Corporate earnings: RBI data shows listed firms’ sales growth slows to 5.5% in Q1, IT and manufacturing drag overall pace

RBI data reveals a slowdown in sales growth for listed private non-financial companies to 5.5% in Q1 FY26, down from 6.9% the previous year. Manufacturing and IT sectors experienced decelerated growth, while non-IT services saw a moderation from double-digit expansion. Raw material costs for manufacturing firms increased at a slower rate, impacting the raw material-to-sales ratio.