Manufacturing-led growth boosts Nifty 500 earnings in Q4 of FY26

India's earnings recovery widened in the March quarter, led by manufacturing and investment-driven sectors, according to Axis Mutual Fund. Nifty 500 companies reported a 16% year-on-year rise in profits, while sales growth reached a 13-quarter high. Earnings remained resilient even after excluding financials and commodity sectors, reflecting broader economic strength across multiple segments.