New Delhi, June 2 -- India Inc delivered better-than-expected earnings in the March quarter of FY26, but the current quarter could be "bumpy" as the ongoing West Asia conflict raises risks from higher oil prices and input costs, according to a Kotak Institutional Equities report.

In its latest strategy report, Kotak said that while the January-March quarter delivered stronger-than-anticipated earnings growth, rising energy prices and supply disruptions linked to the conflict in West Asia could weigh on business performance in the months ahead.

"4QFY26 results were decent but 1QFY27 could be bumpy," the report said.

The brokerage noted that earnings growth during the March quarter exceeded its estimates across key market segments.

"4QF...