Indian companies are expected to clock steady growth in profitability in the first quarter of FY22 following the earnings turnaround of FY21, analysts said. Even on a two-year compounded annual growth rate (CAGR) basis, he expects Nifty companies to post an earnings growth of 20%, led by metals. Excluding metals, the two-year profit CAGR is expected to be 12% for Nifty companies, Duggad said. “After posting the best-in-a-decade earnings growth of 15% in FY21, we are expecting Nifty FY21-FY23 earnings per share (EPS) CAGR of 26%. “Sectors such as pharma, FMCG (fast-moving consumer goods), metals, IT and consumer discretionary are likely to report robust growth.

Source: Mint July 05, 2021 19:07 UTC