<ul data-eligibleForWebStory="false"><li>Tata Consultancy Services (TCS) is expected to report muted Q1 FY26 growth on Thursday due to the impact of BSNL deal ramp-down and limited upside from constant currency revenue.</li><li>Analysts anticipate TCS' revenue growth to be modest in constant currency terms, supported by foreign exchange gains, with a focus on margin pressures and international business momentum.</li><li>The IT firm's consolidated revenue is projected to rise 3.2% sequentially, while EBIT margin is estimated to decrease to 24.29% in Q1 FY26.</li><li>Analysts are looking for insights on discretionary spending, deal wins, vertical performance, and any updates on employee costs during TCS' earnings announcement.</li></ul>

TCS Q1 Results Preview: Muted Growth Seen Amid BSNL Headwinds; Discretionary Outlook, Margin In Focus

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