Preview: India's HDFC Life may report weak new business growth in Q4; shares up 1%

HDFC Life Insurance

16/04/2026 05:06

** Shares of HDFC Life Insurance Company HDFL.NS up 1% at 646.45 rupees before quarterly results

** Analysts expect muted quarter for co, with strong retail demand to be offset by weakness in market-linked products

** PL Capital says weak bank-channel volumes and high competition in non-participating products to lead to a muted 2% growth in annualized premium equivalent in Q4

** Says higher share of market-link products in the mix, which have lower margins, to keep new business margins under pressure

** Motilal Oswal expects weak premium equivalent growth with a decline in value of new business and new business margin

** Peer ICICI Prudential Life ICIR.NS posted jump in quarterly profit on recovery in new business growth

** HDFC Life shares down 14% so far in 2026 vs a 6.7% drop in Nifty 50 .NSEI

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))