New Delhi, August 30, 2017: Key highlights of the report are as follows:
- GST roll-out had a temporary impact on Corporate Sector performance
- Revenue growth slowed down but earnings contraction was sharper as multiple factors hurt margins
- Cement and Steel companies performed relatively better on price hikes
- Key factors that impacted margins of companies across key sectors…
- GST roll-out impacted sales off take across most consumer oriented sectors
- Growth in PV sales moderated in Q1 but Two Wheeler picked up as OEMs ramped up production of BS-IV vehicles
- Comparatively CV sales were also hit by pre-buying in the preceding quarter owing to BS-IV and GST roll-out
- De-stocking by trade and low institutional off take impacted FMCG companies as well
- Similar trends were visible in the Consumer Durable segment too
- Most Indian pharmaceutical companies also reported weak performance because of lower sales in India
- Cement demand continues to languish on account of weak demand from rural housing sand shortage in select markets
- Comparatively, steel consumption improved on back of healthy demand from automotive sector and capacity ramp-up
Corporate Comm India(CCI Newswire)
