Pharmaceuticals forecast to report above average topline growth
CRISIL Research expects India Inc’s revenue growth to slip to a six-quarter low of seven per cent on a year-on-year (y-o-y) basis in the December 2014 quarter. This tepid show will be due to weak performance of investment-linked sectors, stable currency exchange rates (y-o-y) impacting topline growth of export-oriented sectors, and weak global commodity prices.
Revenue growth was around nine per cent in the preceding quarter and 13 per cent in the December 2013 quarter. On the profitability front though, CRISIL Research foresees a marginal uptick in EBITDA margins.
Sectors reporting revenue growth include IT service providers, aluminium among commodities and among domestic consumption-oriented sectors, automobiles, pharmaceuticals, FMCG and telecom are expected to show above average topline growth.
EP News Bureau – Mumbai