India Inc’s second‑quarter (Q2 FY27) earnings season officially kicks off today, with the domestic stock market expected to open marginally lower on Thursday, October 8. GIFT NIFTY futures indicate that the NIFTY50 index will open 20 points lower, signalling a cautious start to the trading day. Companies slated to announce their September quarter numbers include TCS, GM Breweries, Grand Oak Canyons Distillery, Onix Solar Energy, Lotus Chocolate Company, KR Rail Engineering, and Ind Bank Housing. The market’s modest dip reflects the anticipation of these earnings releases.

The day’s focus extends beyond the earnings calendar to a curated list of stocks that may remain in the spotlight. Earnings today are highlighted for India Inc’s Q2 FY27 season, with TCS, Infosys, and HCLTech expected to report improved margins, while mid‑tier firms are projected to sustain current margins amid M&A integration costs. The sectoral spread includes IT services, consumer goods, and industrial players, all poised to deliver insights into the broader economic trajectory.

Companies have begun disclosing AI revenue, with Infosys reporting that AI‑related revenue accounted for 8.2% of its total revenue in the June quarter, and TCS announcing annualised AI revenue of $2.6 billion. Eveready Industries, meanwhile, announced an entry into mosquito protection, targeting up to ₹100 crore in revenues by selling portable liquid vaporizers over three years. CEO Anirban Banerjee highlighted that the product, developed in‑house over the last year, is the first of its kind in India and leverages the company’s homecare market understanding and distribution network.

Tata Steel’s Q2 business update revealed India crude steel production at 6.21 million tons, up 8% QoQ and 10% YoY, driven by higher output at Jamshedpur and Kalinganagar. Half‑year production rose 10% YoY to 11.97 million tons. Jubilant FoodWorks Ltd reported an 11.9% year‑on‑year rise in consolidated revenue to ₹2,608.7 crore for the quarter ended September 30, 2026, with domestic operations up 11.6% to ₹1,885.8 crore. Domino’s India LFL growth stood at 4.1%, while Domino’s Eurasia recorded a negative 2.1% LFL, and the chain added 88 new stores to reach 2,601 stores.

PC Jeweller Ltd disclosed a 28% year‑on‑year growth in consolidated revenue for the July‑September period of FY27, becoming debt‑free after clearing dues of all 14 consortium banks and opting for an OTS settlement in September 2024. The company received ₹142 crore in remittances from outstanding export debtors during the quarter. With a total debt of around ₹3,000 crore previously, the debt‑free status marks a significant turnaround in its financial health.

Senco Gold’s Q2 FY27 update showed a 29% YoY revenue growth at retail, supported by 19% growth from existing stores, and a record topline of ₹5,000 crore+ in H1, reaching ₹10,000 crore on a TTM basis. Tata Power announced a partnership with Norway’s Ocean Sun to pilot a 300 kWp floating solar project at its Mulshi reservoir, while Ola Electric’s board fixed a rights issue price at ₹27 per share, about 26% below market, for a ₹1,000 crore raise. BPCL signed a joint venture with Shell and Tiki Tar to produce value‑added bitumen, and HCLTech opened an AI Centre of Excellence in Johannesburg. BGR Energy Systems agreed to restructure ₹3,736 crore of debt with NARCL, and Voltamp Transformers commenced commercial production at its new facility in Vadodara. Adani Energy Solutions acquired a project SPV from PFC Consulting, and Maharashtra Seamless approved a scheme to demerge two businesses into subsidiaries, aiming to improve operational focus and capital allocation.