New Delhi, May 26 -- : The fourth quarter (January to March 2019) financial results released by 304 companies in the corporate sector show a sequential drop in revenue growth to 10.7 per cent from 20.1 per cent in the previous quarter (October to December 2018), according to investment information and credit rating agency ICRA.
A key reason for the dip in revenue growth was weak consumer sentiment as reflected by decline in automobile sales, decline in volume growth across fast moving consumer goods (FMCG) companies, weak demand for consumer durables and tepid demand for decorative paints.Among various consumer-oriented sectors, only companies in the consumer foods sector reported healthy volume growth during the quarter. As a result, the ...