India Inc set to post 18-20% revenue growth in Q2, says Crisil report

India Inc is set to post an 18-20 per cent revenue growth for July-September as compared to the year-ago period, domestic rating agency Crisil said on Thursday ahead of the filing of quarterly earnings by companies.

The handsome growth in the topline will be driven by both higher volumes and higher commodity prices, the rating agency said.

However, the rising input prices may have capped operating profit margin expansion for companies when compared to the preceding quarter, the agency said.

Companies had taken a cautious approach immediately after the onset of pandemic and resorted to a host of cost control measures including salary cuts which resulted in businesses being largely protected even as demand dried up.