Nineteen companies with market capitalization above ₹10,000 crore achieved remarkable revenue growth in Q4 FY26, with sales more than doubling compared to the same quarter last year. According to the analysis, these companies span eight diverse sectors including finance, minerals & mining, electrical equipment, capital markets, realty, pharmaceuticals, power, telecom, and healthcare. The growth drivers varied significantly across industries, with no single unifying theme explaining each company's performance. The diversity of the list itself is the most important characteristic, as each company's doubling has a different explanation and reflects multiple simultaneous trends including residential real estate completion cycles, renewable energy installation surge, commodity upcycles in iron ore and metals, exchange business volume expansion, and healthcare sector expansion. ITC has now joined this exclusive club with its latest quarterly results showing 17% revenue growth to ₹23,821 crore despite facing margin pressures and taxation challenges.
Eternal Retailing topped the list with ₹17,292 crore revenue against ₹5,833 crore in Q4 FY25, representing a 196% increase. The primary driver was consolidation of Blinkit's financials following Zomato entity restructuring and rapid order volume growth in quick commerce. Lloyds Metals and Energy achieved the most striking operational performance with 312% revenue growth to ₹4,913 crore and 426% PAT growth to ₹1,066 crore. This sponge iron and iron ore pellet manufacturer benefited from aggressive production scaling at its Surjagarh mine in Maharashtra, achieving approximately 21.7% PAT margin through vertical integration advantages. Neuland Laboratories grew revenue 136% to ₹776 crore with 665% PAT growth to ₹213 crore, achieving a PAT margin of approximately 27.4% on the quarter, reflecting genuine margin expansion from product mix improvement and complex molecule contract wins.
Fortis Healthcare emerged as a standout performer in the healthcare sector, reporting consolidated revenues of ₹2,365 crore in Q4 FY26, representing 17.8% year-on-year growth. The company achieved profit after tax of ₹271 crore, marking a 44.2% increase from the corresponding quarter in FY25. For the full financial year FY26, consolidated revenues stood at ₹9,128 crore, up 17.3% year-on-year. According to the company statement, revenue growth was driven by a 15% increase in occupied beds in FY26 compared to FY25 and a 17% increase in Q4 FY26 compared to Q4 FY25. Key procedure volumes performed across certain focus specialties such as radiation therapy and robotic surgeries increased by 19% and 66% YoY respectively for the year. The company added key high value medical equipment including five soft tissue surgical robots, two MRI machines, four cath labs, one PET CT during the year.
Prestige Estates reported 167% revenue growth with a dramatic 900% PAT increase to ₹250 crore from ₹25 crore, though this reflects accounting timing of project completions rather than sudden sales surge. Waaree Energies, India's largest solar module manufacturer, doubled revenue to ₹8,480 crore with 112% growth, benefiting from surge in domestic installations and US export demand ahead of tariff changes. Multi Commodity Exchange grew 205% revenue to ₹889 crore with 291% PAT growth to ₹530 crore, driven by higher commodity trading volumes and operating leverage, achieving a PAT margin of approximately 59.6% on the quarter. Thangamayil Jewellery's 106% revenue growth to ₹2,839 crore largely reflects gold price appreciation alongside store expansion, with gold price inflation mechanically inflating revenue in rupee terms.
Honasa Consumer, the parent company of Mamaearth, emerged as a standout performer with consolidated net profit of ₹69.19 crore in Q4 FY26, representing a 176.98% jump from ₹24.98 crore in the corresponding quarter last year. Revenue from operations rose 23.15% year-on-year to ₹657.08 crore compared to ₹533.56 crore in Q4 FY25, marking the company's highest-ever quarterly revenue performance. The company's EBITDA surged more than 185% year-on-year to ₹77 crore from ₹27 crore in the year-ago quarter, with EBITDA margin expanding sharply to 11.7% from 5.1% in Q4 FY25. For the full financial year FY26, net profit more than doubled to ₹200.19 crore from ₹72.68 crore in FY25, while total consolidated income rose 15.37% to ₹2,475.52 crore. The board announced the company's maiden final dividend of ₹3 per equity share for FY26, representing 51.2% of FY26 standalone PAT and subject to shareholder approval at the upcoming AGM.
