New Delhi, April 13 -- A rise in input costs, fuelled by war-led supply chain disruptions, is likely to have weighed on the financial performance of Indian companies in the January-March quarter of FY26.

Top Indian brokerages expect Nifty 50 companies' profit to grow by an average 4% year-on-year in the March quarter, marking a sharp cooling from the previous quarter, when their net profit had risen 10%. At this rate, the benchmark index is likely to deliver earnings growth of around 6% for FY26, down from earlier expectations of 8-10%, they said.

More worryingly, the outlook for Q4 FY26 remains fragile. As rising input costs begin to bite, the market's focus has shifted from sustaining December quarter's growth to how well companies de...