OMC earnings likely to remain under pressure through FY27: Study

India's oil marketing companies (OMCs) are expected to face earnings pressure through FY27 despite softer crude oil prices, as per brokerage firm Prabhudas Lilladher. The brokerage cited fuel under-recoveries, high LPG losses and the possibility of excise duty changes as key risks. While lower Brent prices have improved investor sentiment, continued oil market volatility could limit further gains.