Early bird Q4 results hint at slowdown for India Inc in upcoming quarters

Though sales surged 15.1% YoY in Q4, the growth was slower sequentially

The early bird results for the January-March 2022 quarter (Q4FY22) hint at a slowdown in corporate sector growth in the upcoming quarters. The combined net sales of the 81 early bird companies in the Business Standard sample were up 15.1 per cent year-on-year in Q4FY22; this was less than the 15.9 per cent YoY jump reported in Q3FY22.

The slowdown could be much stronger for the domestic market-focused companies, including those in the banking, finance, and insurance (BFSI) space.

The combined net sales of 70 early bird companies, excluding IT services exporters, were up 11.5 per cent YoY in Q4FY22,