Quarterly Performance of Indian Companies

In the last quarter, Indian companies reported a sales growth of 7.7%, a significant improvement from the previous year's growth of 2.3%. However, profits only increased by 3-4%, indicating that rising raw material costs and other expenses have negatively impacted profitability. Notably, a recovery in rural demand emerged as a bright spot, with increased consumer purchases in rural areas, particularly in essential goods and agricultural equipment. As the monsoon conditions improved, there was a notable uptick in consumer spending, especially in rural markets where the demand for basic items surged.