Crunch yet to take bite out of India Inc’s sales

by Dave

The Economic Times

Even as economists and government officials are busy revising India’s GDP growth estimates downwards, demand slowdown, it appears, is yet to hit India Inc.

An ET study of early birds — companies who have announced their financial results for the quarter ended September 30, 2008 — shows that aggregate net sales for 175 firms have grown by a healthy 32%, which is marginally more than the 31% topline growth in Q2 FY08. Sales growth in the past five quarters is in the 27-34% range.