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India Inc’s profits moderate as consumption slowdown a worry

by | Feb 22, 2023

India Inc.’s profitability moderated in 3QFY23. Corporate earnings were below expectations during the quarter dragged by Commodities while Financials and Autos held the fort. Broad-based slowdown in Consumption, both Staples and Discretionary, also hit corporate earnings, Motilal Oswal Financial Services said in a report.

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