Series 128 – Quarterly Call Key Highlights – 3Q 2025

Sharing you the link of our latest Quarterly call and below are the key highlights that we have covered in the call- https://ituscapital.com/investor_calls/itus-capital-3q-investor-call-2025/

 

Over the next two weeks, we would like to breakdown our key takeaways from the Quarterly call.

Macro Landscape – Supportive Policy Backdrop

1. Despite short-term volatility, India remains a long-term magnet for capital, with FY24–FY25 marked by 62% repatriations and net FDI dropping to 1% of gross inflows — signaling capital recycling, not flight.

2. RBI’s Liquidity Boost: A cumulative 50 bps repo rate cut (to 5.5%) and 100 bps CRR reduction (to 3%) have brought the cost of capital to a 20-year low, supporting credit growth and domestic investment.

3. Declining inflation expectations and policy support suggest we’re past the midpoint of the low-growth phase, with earnings momentum and FII stability expected by early 2026.

4. India lagged global markets due to heavy IPO supply, FDI exits, earnings downgrades, and INR depreciation — all dampening foreign sentiment.

5. Earnings Reset for FY26: A 13% cut in FY26 earnings estimates has re-based expectations, reducing downside risk and setting the stage for sustainable growth.

Next week, we will be covering the positioning of the portfolio and expectations that we spoke about in our quarterly call.

 

Keep following us for more contents like these. As always, we keep re-emphasising our SIP mode of investment. You can connect with your relationship manager to know more about our SIP Program.

These weekly episodes are now available in our website for your quick read and you may access the same in the below link.

Weekly Insight Digest – ITUS Capital