From 87% to 51%: How Nifty50 companies lost their grip on India Inc's profits

Nifty 50 companies now contribute only 51% of aggregate profits, down from 87% in FY18. Earnings growth accelerated across the broader Indian corporate universe, showing that wealth creation is moving beyond the biggest firms. Financials became the largest profit contributor, as smaller companies delivered faster profit growth than the top 50.