Key takeaways from Q1FY18 earnings and what it means for your investments

For new investor, going through MF mode is still the best way to play long-term Indian growth story

The June quarter earnings of the financial year 2017-18 remained soft, but on expected lines as the fallout of GST implementation led to channel destocking and discounting across consumer-facing industries. Given this, automobiles, auto-ancillaries, consumer staples, white good manufacturers and healthcare sectors faced the brunt. 

The under-performance was exaggerated with input cost inflation yet to play out. The rise in commodity prices was also not passed on entirely in this quarter, as the inventory was liquidated at a discount to avail input tax-credits before GST implementation. That apart, compensation was given to the dealers / stockists / supply chain distributors