The overall growth has been pricing-led with material cost inflation eating into the company’s profitability. There has been a 24% jump in raw material costs and a 20% increase in other expenses over the same quarter a year earlier. The management, in the company’s earnings call, mentioned 2022 inflation being five times the past trend.
Sectoral & thematic mutual funds ruled return charts. Check out top performer
Sectoral and thematic mutual funds have ruled the return chart last week and offered upto 3% return in the same period. Here are top five