BFSI to Lead 2026 Earnings Growth: Credit Uptick & Commodity Boom Expected

• Poonam Tandon expects earnings growth to return to low to mid-teens levels next year.
• BFSI (NBFCs, PSU banks, MFIs), select consumption, and commodities are preferred sectors for 2026.
• BFSI is set to lead earnings upgrades driven by credit growth; consumption aided by government/RBI measures.
• Global commodity cycle is on an upswing due to weaker dollar, supply deficits, and industrialization.
• Earnings upgrades are anticipated in 2026, supported by nominal GDP growth and demand revival.

Why It Matters: Poonam Tandon predicts BFSI, consumption, and commodities to drive strong earnings growth in 2026.