Surge in global commodity prices may push India Inc’s margins to a decadal low

In FY22, corporate India’s profitability surged to multi-year highs, driven by a sharp drop in global commodity costs due to a fall in demand during the pandemic, along with strict cost-efficiency measures undertaken by corporates. The gross margin for the Motilal Oswal universe, excluding financials, is expected to drop to a decade low of 29.4%.

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