RBI Report: Listed Private Companies Register 10.1% Sales Growth in FY 2025-26, Manufacturing Leads Revival

June 24, 2026 : The Reserve Bank of India (RBI) has reported a strong recovery in the performance of India’s listed private non-government non-financial (NGNF) companies during the financial year 2025-26, with overall sales rising by 10.1 per cent. The growth marks a return to double-digit expansion after two consecutive years of slower performance.

The RBI’s assessment, based on the abridged financial results of 4,278 listed companies, attributed the improvement primarily to the manufacturing sector. Manufacturing companies recorded sales growth of 10.8 per cent, a significant increase from 6.0 per cent in the previous financial year. The expansion was driven by robust demand in the automobile, electrical machinery, food and beverages, and chemicals industries, although the petroleum sector continued to witness a decline in sales.

The services sector also maintained a healthy growth trajectory. Information technology (IT) companies registered sales growth of 7.9 per cent, improving from 7.1 per cent in the previous year. Meanwhile, non-IT services companies continued to post double-digit sales growth, supported largely by strong performance in the wholesale and retail trade segments.

Despite rising input costs, manufacturing firms strengthened their profitability during the year. Raw material expenses increased by 12 per cent, reflecting higher production costs, yet operating profit growth accelerated to 10.3 per cent compared to 6.0 per cent in the previous year. IT companies reported a healthy 10.7 per cent growth in operating profits, while operating profit growth among non-IT services firms moderated to 7.1 per cent.

The RBI said the latest financial performance reflects improving business activity across key sectors of the economy, with manufacturing emerging as the primary driver of corporate growth during 2025-26.