Cummins India is experiencing strong growth in the domestic market due to a robust recovery and increased capital expenditure in the industrial sector.

The company expects double-digit revenue growth for the current fiscal year, with its power generation segment reporting a significant 84.4% year-on-year increase.

Although exports have faced challenges, there has been a sequential improvement, particularly in Latin America and Europe.

The company's quarterly performance has been boosted by higher realizations, although valuations remain high, currently at 46 times estimated FY26 earnings.

Overall, Cummins India is well-positioned to take advantage of the domestic recovery, despite ongoing export obstacles, as it navigates the changing market landscape.