New Delhi, April 18 -- Consumer discretionary companies are expected to post strong revenue and earnings growth in the March quarter of FY26, supported by a recovery in demand across segments, according to a report by HDFC Securities.

The report points to early signs of improvement across categories, noting that the "consumer discretionary coverage universe (ex-Eternal) is expected to deliver ~23% Year on Year (YoR) revenue growth in Q4, underpinned by a broad-based demand recovery."

It adds that this growth is driven by multiple segments moving together rather than a single category leading the trend.

Jewellery continues to stand out within the sector. The report says the segment "continued its strong growth momentum, driven by the st...