4 Midcap Double-Digit Quarterly Growth Stocks to Watch for Future Multibagger Potential: Godrej Consumer, Dabur, Mphasis and Astral

Double-digit quarterly growth stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Godrej Consumer, Dabur, Mphasis and Astral meet that test, with market caps from Rs 37,070 crore to Rs 85,183 crore and Godrej Consumer offering the largest market cap at Rs 85,183 crore. Each of these companies has a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and year on year revenue growth and profit growth of at least 10 per cent each in the latest quarter, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.

This list covers companies with a market capitalisation between Rs 30,000 crore and Rs 1,00,000 crore and year on year revenue growth and profit growth of at least 10 per cent each in the latest quarter, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap between Rs 30,000 crore and Rs 1 lakh crore. Investors screening double-digit quarterly growth stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 29 October 2026 and are drawn from NSE and BSE data and company filings.

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What Are Double-Digit Quarterly Growth Stocks and Why Do They Attract Multibagger Interest?

Double-digit quarterly growth stocks are shares of mid sized companies that grew both sales and profit by ten per cent or more over the same quarter of last year, which shows that the business is gaining strength on both counts. The four here cover household products, ayurvedic consumer goods, IT services and pipes.

Growth in sales and profit at the same time is a healthy sign, because it shows that demand is rising and that the company is turning the extra sales into earnings. For double-digit quarterly growth stocks, both FY26 and the latest quarter showed growth. A sensible way to study double-digit quarterly growth stocks is to look at profit growth, returns and valuation side by side. Below, each of double-digit quarterly growth stocks gets its own breakdown of growth, returns and valuation. Treat double-digit quarterly growth stocks as a research list, since share prices and rankings change with every earnings season.

Double-Digit Quarterly Growth Stocks at a Glance: Price, Market Cap, PE and ROE

Prices are closing prices as of 29 October 2026. Mphasis combines the lowest PE of the group, 25.15, with the highest return on equity, 17.34%.

Stock	CMP (Rs)	Market Cap (Rs Cr)	PE	Industry PE	ROE	Debt to Equity	52-Week Range (Rs)
Godrej Consumer Products	837	85,183	44.52	34.40	14.71%	0.35	822.00 to 1,273.90
Dabur India	370	69,124	35.52	34.68	16.59%	0.11	357.80 to 534.00
Mphasis	2,561.30	48,037	25.15	18.49	17.34%	0.24	2,013.00 to 2,975.00
Astral	1,365.40	37,070	64.39	36.61	13.18%	0.06	1,311.60 to 1,768.70

Godrej Consumer: Profit Compounding at 1.08% a Year

Godrej Consumer Products sells household insecticides, soaps, hair colour and personal care brands in India, Africa and Asia. It reported FY26 revenue of Rs 15,444.07 crore, up 7.90% year on year, and net profit of Rs 1,861.47 crore, up 0.50%. Revenue has compounded at 5.71% a year since FY22. Operating margin was 19.45% in FY26. The debt-to-equity ratio is 0.35.

In the June 2026 quarter, revenue rose 14.17% to Rs 4,277.35 crore and net profit grew 11.51% to Rs 504.52 crore. Domestic institutions raised their holding from 12.40% in June 2025 to 19.59% in June 2026. The stock trades at a PE of 44.52 against an industry PE of 34.40, with a return on equity of 14.71%. The dividend yield is 2.40%.

Dabur: Profit Compounding at 1.77% a Year

Dabur India is a leading Ayurveda and natural health care company with brands in hair care, oral care, juices and health supplements. It reported FY26 revenue of Rs 13,792.34 crore, up 5.18% year on year, and net profit of Rs 1,868.69 crore, up 7.37%. Revenue has compounded at 5.15% a year since FY22. Operating margin was 23.00% in FY26. The debt-to-equity ratio is 0.11, which keeps interest costs low.

The stock trades at a PE of 35.52 against an industry PE of 34.68, with a return on equity of 16.59%. The dividend yield is 2.12%. In the June 2026 quarter, revenue rose 10.95% to Rs 3,936.95 crore and net profit grew 15.32% to Rs 586.16 crore. Domestic institutions raised their holding from 16.24% in June 2025 to 18.72% in June 2026.

Mphasis: Profit Compounding at 6.81% a Year

Mphasis provides IT, cloud and application services to banking, insurance and technology clients. It reported FY26 revenue of Rs 16,205.54 crore, up 11.88% year on year, and net profit of Rs 1,862.60 crore, up 9.43%. Net profit has compounded at 6.81% a year since FY22, while revenue has grown 7.53% a year. Operating margin was 20.58% in FY26. The debt-to-equity ratio is 0.24.

In the June 2026 quarter, revenue rose 17.14% to Rs 4,466.91 crore and net profit grew 10.82% to Rs 489.51 crore. Domestic institutions raised their holding from 37.07% in September 2025 to 45.85% in September 2026. The stock trades at a PE of 25.15 against an industry PE of 18.49, with a return on equity of 17.34%. The dividend yield is 2.46%.

Astral: Debt-to-Equity of 0.06

Astral makes CPVC and PVC pipes, fittings, adhesives and water tanks for plumbing and drainage in homes and buildings. It reported FY26 revenue of Rs 6,615.90 crore, up 12.64% year on year, and net profit of Rs 534.70 crore, up 3.04%. Revenue has compounded at 10.55% a year since FY22. Operating margin was 16.54% in FY26. The debt-to-equity ratio is 0.06, which keeps interest costs low.

The stock trades at a PE of 64.39 against an industry PE of 36.61, with a return on equity of 13.18%. In the June 2026 quarter, revenue rose 16.09% to Rs 1,590.80 crore and net profit grew 51.77% to Rs 120.20 crore. Domestic institutions raised their holding from 14.90% in June 2025 to 21.31% in June 2026.

Double-Digit Quarterly Growth Stocks: Financial Comparison on Growth and Margins

The table compares scale and growth across these double-digit quarterly growth stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.

Stock	Revenue (Rs Cr)	Net Profit (Rs Cr)	Revenue Growth (YoY)	4-Year Revenue CAGR	4-Year Net Profit CAGR	Operating Margin (Latest Quarter)
Godrej Consumer	15,444.07	1,861.47	7.90%	5.71%	1.08%	19.89%
Dabur	13,792.34	1,868.69	5.18%	5.15%	1.77%	24.27%
Mphasis	16,205.54	1,862.60	11.88%	7.53%	6.81%	20.04%
Astral	6,615.90	534.70	12.64%	10.55%	2.19%	15.46%

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Institutional Holding in Godrej Consumer, Dabur, Mphasis and Astral

Institutional holding shows who is backing these double-digit quarterly growth stocks alongside the promoter. The table uses the latest reported quarter for each. Mphasis has the deepest institutional backing, with FII and DII together holding 65.24% as of September 2026. Domestic institutions increased their holding over the past year in Godrej Consumer (from 12.40% to 19.59%), Dabur (from 16.24% to 18.72%), Mphasis (from 37.07% to 45.85%) and Astral (from 14.90% to 21.31%).

Stock	Promoter	FII	DII	Public	Quarter
Godrej Consumer	53.05%	12.33%	19.59%	15.03%	June 2026
Dabur	66.24%	9.66%	18.72%	5.37%	June 2026
Mphasis	30.53%	19.39%	45.85%	4.23%	September 2026
Astral	54.22%	13.89%	21.31%	10.58%	June 2026

Risks to Weigh in Double-Digit Quarterly Growth Stocks

Being careful with double-digit quarterly growth stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:

• Past growth may not repeat.
• Share prices can move sharply in either direction.
• Valuation: Astral trades at a PE of 64.39 against an industry PE of 36.61, so earnings need to keep growing to support the price.
• Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.

How to Choose Between Double-Digit Quarterly Growth Stocks

Picking from double-digit quarterly growth stocks comes down to four checks, applied in order.

1. Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.
2. Compare each PE with the industry PE (18.49 to 36.61) and ask whether the growth rate justifies any gap.
3. Track net profit growth, the operating margin and the return on equity in every quarterly result.
4. Stagger entries across quarters and review institutional holding every reporting season.

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Conclusion

Among double-digit quarterly growth stocks, Godrej Consumer stands out for the largest market cap at Rs 85,183 crore, Dabur for 5.18% revenue growth in FY26, Mphasis for the highest return on equity at 17.34% and Astral for the strongest latest-quarter profit growth at 51.77%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing double-digit quarterly growth stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Double-Digit Quarterly Growth Stocks to Watch

Which are the best double-digit quarterly growth stocks to watch for multibagger potential?

Ans. Godrej Consumer, Dabur, Mphasis and Astral are the 4 names this list highlights, with market caps of Rs 85,183 crore, Rs 69,124 crore, Rs 48,037 crore and Rs 37,070 crore respectively. Godrej Consumer is notable for the largest market cap at Rs 85,183 crore. Dabur stands out for 5.18% revenue growth in FY26. Mphasis offers the highest return on equity at 17.34%. Astral brings the strongest latest-quarter profit growth at 51.77%. These are watchlist names for double-digit quarterly growth stocks, not recommendations, so match each one to your own risk profile and time horizon.

Is Mphasis a good stock for long-term investors?

Ans. Mphasis has a return on equity of 17.34%, a PE of 25.15 against an industry PE of 18.49 and a market cap of Rs 48,037 crore. Net profit has compounded at 6.81% a year since FY22, and FY26 revenue rose 11.88% while June 2026 quarter net profit grew 10.82%. Long-term returns in double-digit quarterly growth stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.

Can Astral become a multibagger from here?

Ans. Astral has a market cap of Rs 37,070 crore. A multibagger outcome in double-digit quarterly growth stocks requires earnings to keep growing faster than the market for several years. FY26 revenue rose 12.64%, and June 2026 quarter net profit grew 51.77%. At a PE of 64.39 against an industry PE of 36.61, valuation should be checked against that growth before investing.

What is the market cap of Godrej Consumer, Dabur, Mphasis and Astral?

Ans. As of 29 October 2026, Godrej Consumer has a market cap of Rs 85,183 crore, Dabur has a market cap of Rs 69,124 crore, Mphasis has a market cap of Rs 48,037 crore and Astral has a market cap of Rs 37,070 crore. All of them qualify as midcaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on double-digit quarterly growth stocks.

What are the risks of investing in double-digit quarterly growth stocks?

Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. Astral trades at a PE of 64.39 against an industry PE of 36.61, so earnings growth needs to hold up.

Why is Astral trading at a PE of 64.39?

Ans. Astral’s PE of 64.39 compares with an industry PE of 36.61. The market is paying a premium for latest-quarter profit growth of 51.77%, which also means the stock is more sensitive if growth slows. Investors in double-digit quarterly growth stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.

How much do institutions hold in Godrej Consumer, Dabur, Mphasis and Astral?

Ans. As of the latest reported quarter, FII and DII together hold 31.92% of Godrej Consumer (12.33% and 19.59%), 28.38% of Dabur (9.66% and 18.72%), 65.24% of Mphasis (19.39% and 45.85%) and 35.20% of Astral (13.89% and 21.31%). Rising institutional holding is a useful signal in double-digit quarterly growth stocks, though it should be read with earnings trends rather than on its own.