India Inc’s revenues are expected to rise seven per cent in the July-September quarter, the second best in the last six quarters, fueled by the improvement in urban and rural consumption and falling g
India Inc’s revenues are expected to rise seven per cent in the July-September quarter, the second best in the last six quarters, fueled by the improvement in urban and rural consumption and falling global commodity prices.
Sector-focused companies from the automobiles, IT services, pharmaceuticals, power, and telecom services sectors outperformed in terms of revenue growth, to record double digit growth, according to a survey of 360 companies by Crisil Research.
The 360 companies (excluding financials and oil companies) analysed by Crisil account for 46 per cent of the market capitalisation of the National Stock Exchange.
Prasad Koparkar, senior director, Crisil Research said, whilst they expected to see automobiles reporting 13 per cent growth riding on new launches and healthy rural dem-and, retail is expected to grow 12 per cent “on the back of improvement in disposable incomes and India’s economic outlook, while pharma should see 13 per cent growth.”
The IT services sector is expected to grow 10 per cent, slower than in the past, aided by volume and rup-ee depreciation, he said.
Retailers are expected to increase their revenues by 12 per cent during the festive season while that of airlines is seen up 7-9 per cent on strong growth in domestic traffic.
