The acquisition, Wipro Consumer Care's 16th globally and second in the Philippines, will add brands including KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne
However, despite recovery from lows, the Nifty IT index underperformed the market by falling 22 per cent, as against a 7.2 per cent decline in the Nifty 50 thus far in CY2026.
Wipro's net profit in the first quarter rose less than a per cent to ₹3,325 crore, compared to a year earlier even as revenue rose 10.6 per cent to ₹24,480 crore.
Reliance Industries, JSW Steel, Federal Bank, Oberoi Realty, Tata Tech among top stocks slated to post their Q1 results today.
The IT services major reported marginal profit growth in Q1 FY27, while issuing cautious revenue guidance amid an uncertain demand environment and weak deal ramp-up
Gains in IT index were led by large-cap IT stocks, with HCLTech, LTIMindtree and Persistent Systems among the key contributors
Q1FY27 company results: Firms including Jio Financial Services, ITC Hotels, Ceat, Polycab India, Piramal Finance, and South Indian Bank are also to release their April-June earnings today
Wipro, Tech Mahindra, Jio Financial Services, BHEL and ITC Hotels among the top companies slated to post their April-June quarter earnings today.
Wipro Chairman Rishad Premji said IT services firms can use their deep understanding of clients' processes and systems to unlock efficiency, innovation and AI-led growth
Wipro Q1 results preview, interim dividend: Along with its Q1 results, Wipro's board may also recommend an interim dividend for shareholders, according to an exchange filing.
At 12:44 PM on Monday, the Nifty IT index was the top gainer among sectoral indices, up 4.24 per cent, as compared to 0.01 per cent rise in the Nifty 50.
At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.
Here's what leading brokerages expect from India Inc. in Q1-FY27 and a deep dive into expectations across companies in the frontline sectors.
In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.
The Nifty IT currently quotes around 20 per cent below its 200-DMA. TCS, Infosys, Wipro and HCL Technologies are down in the range of 21-26 per cent form respective 200-DMAs.
In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.
Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins
In the past three weeks, the Nifty IT index tanked 13 per cent, as against 2 per cent rise in the Nifty 50.
Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.
Stocks to Watch today, June 19, 2026: Bharat Forge, Tata Motors, Jubilant Pharmova, Amber Enterprises and Mahindra Lifespace Developers are among the top stocks to remain in focus today