With prices of raw materials softening, a range of user companies are expected to post better operating margins than they did in the December 2022 quarter.
Corporate profits for the March quarter are expected to be modest with the year-on-year growth in high single digits. Earnings for the Nifty 50 set of companies are estimated to increase by 9% y-o-y and 8% quarter-on-quarter, according to an estimate by Kotak Institutional Equities (KIE).
With prices of raw materials softening, a range of user companies are expected to post better operating margins than they did in the December 2022 quarter.