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Mild recovery expected in June-quarter results: CRISIL Research

India Infoline News Service | Mumbai |

This growth will largely be driven by strong growth in export-oriented sectors & select domestic consumption driven sectors such as FMCG, passenger vehicles, and two wheelers

CRISIL Research, Indias largest independent and integrated research house, expects India Inc.s revenues to grow 9-11% in the quarter ended June 30, 2014, compared with 4.3% in the same period last year and 8.4% in the quarter ended March 31, 2014. This growth will largely be driven by strong growth in export-oriented sectors and select domestic consumption driven sectors such as FMCG, passenger vehicles, and two wheelers.
 
The study covered 600 companies (excluding financial services and oil companies), representing 71% of the overall market capitalisation of India Inc.
 
While a gradual resumption of stalled projects and improvement in global economic growth bode well for longer-term revenue growth, the increasing probability of a below-normal monsoon enhances downside risks for sectors that generate substantial revenue from the rural areas. For the entire fiscal year 2014-15, we forecast Indian corporates to report 11-12% revenue growth.

 

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