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Sales growth to moderate, earnings growth stronger

Sales growth to moderate, earnings growth stronger
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First Published: Mon, Jul 04 2011. 11 07 PM IST
Updated: Mon, Jul 04 2011. 11 07 PM IST
Despite all the apprehensions of a slowdown, the earnings of Sensex companies, ex-oil (oil companies’ earnings are too volatile and depend on the subsidy-sharing mechanism), are expected to rise by 8.5% for the June quarter (Q1 FY12), higher than the 4.4% year-on-year growth in the March quarter, according to estimates by Citi Investment Research and Analysis.
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Sales growth, however, is expected to moderate, as high inflation starts to bite. Nevertheless, earnings growth will still be considerably lower than the 18-22% consensus earnings growth forecast for FY12.
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First Published: Mon, Jul 04 2011. 11 07 PM IST
More Topics: Sensex | Growth | Equities | Company Results | Earnings |