"The 'smog season' has become a new threat eroding the profits of Indian companies"

Air pollution in India is having an impact on public health and is also posing a new threat to corporate profits. In the recent financial quarter in India, many companies mentioned the disruptions related to pollution affecting their performance. From developers to retailers, executives and analysts from various industries have indicated that during November and December 2025, several cities including Delhi and Mumbai experienced construction suspensions and reduced foot traffic, leading to negative consequences. According to Bloomberg's analysis, in 2025, companies in the BSE AllCap Index mentioned the term "air pollution" 988 times in financial reports, analyst conference calls, or presentation materials, marking a new high since 2021. The mentions included discussions on pollution control measures and the impacts of deteriorating air quality.