With India being the fastest growing large economy, ‘what is your India plan?’ is a common topic in boardrooms of most global corporations. One important source to distil their India plans is from their quarterly earnings calls. With the March quarter earnings season in progress, this column will present what CXOs of global corporations are saying about India, along with their perspectives and plans during the current earnings season. Here are some from companies that reported their earnings last week.
Monster Beverage Corporation (MNST, m-cap $74.3 billion)
The US energy drink maker reported exceptionally strong growth in India, driven by rising demand and expansion of affordable offerings.
“Net sales in India surged 94.5 per cent in dollar terms and more than doubled on a currency-neutral basis in Q1 2026. We remain highly optimistic about the long-term growth prospects for our brands in India and the broader Asia Pacific region.”
Anheuser-Busch InBev SA/NV (BUD, $155.3 billion)
The global brewer described India as a consistently growing beer market with long-term potential.
“India has been a strong growth story for the beer industry, with the market continuing to expand steadily despite periodic fluctuations.”
Marriott International, Inc. (MAR, $92.8 billion)
The global hotel operator highlighted its dominant position in India amid evolving global travel dynamics.
“Marriott remains the largest hotel company in India, and shifts in West Asia transit traffic are particularly relevant given our strong footprint in the market.”
KKR & Co. Inc. (KKR, $89.3 billion)
The global investment firm said it remains confident on India despite concerns around outsourcing-linked employment trends.
“We have reviewed our India portfolio closely and do not see elevated risks. Our focus remains on infrastructure, electricity grids and digitalisation opportunities tied to AI deployment, areas where we see strong long-term potential in India.”
Cameco Corporation (CCJ, $51.7 billion)
The Canadian uranium producer said India remains a key long-term buyer in the global nuclear fuel market.
“Our long-negotiated India deal reflects strong sovereign demand for uranium under market-linked contracts. India, alongside China, continues to play an important role in shaping the global term market.”
Transocean Ltd (RIG, $6.9 billion)
The offshore drilling company highlighted India’s growing commitment to energy exploration and offshore investment.
“ONGC and Oil India are expected to expand the regional offshore fleet significantly by 2027, potentially adding 20 rig years. India’s push to assess and develop domestic offshore reserves reflects a major multi-year investment commitment.”
GATX Corporation (GATX, $6.5 billion)
The railcar leasing company highlighted strong demand conditions in India driven by policy support and economic growth.
“Policy support and economic expansion continue to drive robust railcar demand in India, where GATX Rail India maintained 100 per cent fleet utilisation during the quarter.”
Appian Corporation (APPN, $1.8 billion)
The enterprise software firm said India continues to play a central role in its R&D and AI investments.
“We continue to invest heavily in R&D in India, particularly around AI-driven software development and operational systems, helping drive sustainable margin expansion and long-term growth.”
Wallenius Wilhelmsen ASA (WAWI, Nkr47.1 billion)
The Norwegian shipping group said India is emerging as an increasingly important manufacturing and export hub for heavy equipment.
“Customers are increasingly viewing India as a global production hub for high and heavy equipment. While still early days, we are closely monitoring the growth in exports from India.”
Sinch AB (publ) (SINCH, Skr25.7 billion)
The Swedish cloud communications company said India remains a competitive but strategically important market.
“India remains challenging but represents only a low single-digit share of group profit. We are focused on stabilising and returning the business to growth, given the market’s massive long-term potential with over one billion mobile subscribers.”
Kinaxis Inc. (KXS, C$ 4.2 billion)
The Canadian supply chain software provider highlighted strong momentum and demand in India.
“We are seeing strong deal flow and momentum in India as organisations continue investing to scale and become more competitive. Despite macro concerns, demand trends in the market remain resilient.”
Schneider Electric S.E. (SU, €154.7 billion)
The French industrial technology company is strengthening India as a key global hub for operations, R&D and supply chain capabilities.
“India now supports Schneider Electric’s international hub strategy, leveraging the R&D, software and supply chain capabilities built through our L&T Electrical & Automation acquisition. This strengthens our ability to scale globally alongside sustained growth.”
Core Natural Resources, Inc. (CNR, $4.5 billion)
The US coal producer said rising petcoke prices and weather-related factors are supporting stronger demand from India.
“Higher petcoke prices in India are benefiting demand for our PAMC coal, and we are seeing more customer inquiries than usual. Potential delays to the monsoon season could further support thermal coal demand.”
Published on May 9, 2026