ABB India (ABB IN) – Q1FY27 Result Update – Mixed Q2; strong order inflow reinforces outlook – HOLD
Published on 02 Aug 2026
ABB is likely to face headwinds from higher input cost and forex volatility amid West Aisa crisis in the near term. However, we remain constructive on ABB in the long run given: 1) rising demand for energy-efficient and premium-quality products, 2) its resilient business model, 3) focused growth in high-potential segments such as data centers, rail & metro, renewables, and electronics, and 4) a strong domestic order pipeline. The stock currently trades at P/E of 67.3x/55.5x on CY27E/28E. We maintain our ‘Hold’ rating, valuing the stock at a P/E of 58x Jun’28E (56x Jun’28E earlier), reflecting strong order momentum and improving structural growth opportunities across electrification, automation and data centres, resulting in revised TP of INR6,944 (INR6,523 earlier).
