During the quarter, raw material costs for the company were up by 7.8% from a year ago, driven by high inflation in the cost of wheat, palm oil, cocoa and sugar. The input cost as a proportion of revenue rose to 59.8% of sales compared with 57.9% a year ago. This directly impacted profitability, as the operating profit margin dropped by 280 basis points (bps) to 15.5%.
Short-term challenges for IT and Metals, but consumer and financial sectors offer upside: Rana Gupta
Rana Gupta of Manulife Investment suggests India’s financial markets are navigating a volatile period. The next 90 days are crucial as global trade rebalances. While
April 30, 2025