Profit growth has been underpinned by high gains in absolute revenue despite contracted Ebitda margin on account of volatile raw material prices, which have now started to soften, pointing to further margin expansion should the declining trend in input costs holds.
Mid & smallcaps may outpace largecaps on back of India’s growth texture: Hari Shyamsunder
Hari Shyamsunder from Franklin Templeton suggests a cautious outlook on IT due to slowing growth and AI uncertainties, while favoring mid and small-caps for long-term