Shumita Sharma Deveshwar

Director, India Research
+91 98718 22780

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The margin squeeze has only just begun

Overview

Indian corporate operating margins have so far fared relatively well despite the sharp rise in input prices over the past 18 months. Many companies have been able to pass on a large portion of their higher costs to end users and consumer demand has not yet taken a significant hit. But persistent domestic inflationary pressure, rising interest rates and slowing economic momentum mean that this business-as-usual environment is becoming increasingly...

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