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Analysts Cautious About TCS Growth Recovery
July 12, 2025
|Financial Express Ahmedabad
Taking Stock
TATA CONSULTANCY SERVICES (TCS) is expected to see a slow-paced recovery over the next few quarters, as deal conversions remain sluggish and clients continue to hold back discretionary tech spending, analysts said.
While the company has guided for an improvement in international business for FY26, multiple brokerages have flagged weak execution, project delays and a challenging macro environment as key near-term risks.
"The outlook of better growth in FY26 appears a tad optimistic," analysts at Kotak Institutional Equities noted, adding that slippages in healthcare and BFSI continue to be a concern.
Axis Securities presented similar views, saying, "Prevailing uncertainties in large economies continue to pose short-term headwinds to the company's growth prospects."
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