Press Release | July 7, 2016
Q1 revenue growth set to hit a 2-year high: CRISIL Research
Earnings clearly shifting to a higher trajectory
Normal monsoon, domestic investments key to sustaining trend
CRISIL Research, India's largest independent and integrated research house, foresees revenue growth of India Inc. rising to a two-year high of 8% (year-on-year) in the quarter ended June 30, 2016. The first sign of top line growth shifting to a higher trajectory was seen in the March quarter, when it surged to 6.5% from a drab 1-3% seen in each of the five quarters preceding.
To be sure, revenue growth remains significantly lower than the long-term average of 12-15%. However, in real terms – or adjusted for inflation – the picture looks brighter because top line growth is likely to be higher than the average for the last 4 years.
For details please find attached CRISIL Research Press Release: <<CRISIL Research_PR_Q1 revenue growth set to hit a 2-year high_7July2016.pdf>>
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