Retail in Asia

In Markets

Indian companies meet analysts’ predictions

India Inc seems to have more or less met street expectations for the March 2010 quarter. While top-line growth for a sample of 800 companies rose by 41 percent year on year, which is above growth in the two previous quarters, the operating profit margin for the sample has remained more or less flat at 15.5 percent compared with the December 2009 quarter, thanks to rise in raw material costs.

Ambit Capital’s CEO Andrew Holland points out, "Operating margins are clearly to come under pressure because of higher cost of raw materials and that is likely to be an ongoing theme."