Back Volumes drive top line growth in June quarter

Mumbai : To sustain market share and ensure demand wasn’t hit, firms opted for calibrated increase in prices, despite cost inflation. Higher volumes, rather than pricing gains, played an important role in boosting sales growth for a majority of Indian firms in the quarter ended June 30. This is reflected in the numbers of a majority of the BSE Sensex companies, for which the relevant data is available.

Interestingly, a look at other key companies, not a part of the Sensex ones, in automobiles, information technology (IT), cement and fast moving consumer goods (FMCG) indicates a similar trend. This comes in an environment of high input-cost.