Corporate Margins

Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).

Six of the top-10 groups by revenue reported 35%-plus CAGR in combined profits the past three years; gains were led by groups with big play in industrial metals

Better underlying consumer demand, resilience in the rural markets and strong recovery in both home care and beauty & personal care categories are likely to drive revenue growth

Q3 corporate results indicate expenses outpacing revenue

Slack in job markets, low inflation, tech disruption kept wage growth, corporate profits subdued