What changed
Sales growth accelerated to 13.9% in Q4 2025-26, up from 10.1% in the previous quarter. Manufacturing sales grew 14.5%, while IT services sales grew 9.9%. Non-IT services sales growth improved substantially to 20.3%.
What it means for you
The growth in sales indicates a positive trend for the private corporate business sector. However, input cost pressure and rising raw material expenses may impact profitability. Banks and lenders should monitor the sector's performance and adjust their lending strategies accordingly.
What you must do
- Review credit portfolios for exposure to manufacturing and services sectors
- Monitor input cost pressures and their impact on borrowers' profitability
- Adjust lending strategies to account for changing sector dynamics
Who it affects
Manufacturing companies, IT services companies, Non-IT services companies, Banks and lenders
What was the sales growth rate for the private corporate business sector in Q4 2025-26?
13.9% year-over-year
Which sectors drove the sales growth?
Manufacturing and services sectors, including automobiles, electrical machinery, and non-ferrous metals industries
What is the implication of rising raw material expenses for borrowers?
Rising raw material expenses may impact borrowers' profitability and increase their debt servicing burden