The Reserve Bank of India (RBI) today released its report on the Performance of the Private Corporate Business Sector during 2025-26, highlighting that listed private non-government non-financial (NGNF) companies recorded a strong 10.1 per cent growth in sales. According to RBI data, this marks a return to double-digit growth after two years.
The RBI’s analysis, based on the abridged financial results of 4,278 listed companies, showed that the improvement was driven largely by the manufacturing sector, where sales growth accelerated to 10.8 per cent from 6.0 per cent in the previous year. Industries such as automobiles, electrical machinery, food and beverages, and chemicals led the expansion, while the petroleum sector continued to witness a decline in sales.
The report said the services sector also posted steady growth. Sales of IT companies rose to 7.9 per cent, up from 7.1 per cent a year earlier, while non-IT services firms maintained double-digit growth, supported by strong performance in the wholesale and retail trade sector.
The RBI stated that despite rising input costs, manufacturing companies improved their profitability. Raw material expenses increased by 12 per cent, reflecting cost pressures, but operating profit growth strengthened to 10.3 per cent from 6.0 per cent in the previous year. IT companies reported operating profit growth of 10.7 per cent, while non-IT services firms saw profit growth slow to 7.1 per cent.
