India Inc revenue likely grew 18-20% on-year in second quarter

Higher commodity prices and continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20% on-year to Rs 8.2 lakh crore in the second quarter of this fiscal, indicates a CRISIL Research study of 300 companies (excluding from the financial services and oil sectors) that account for 55-60% of the market capitalisation of the National Stock Exchange. Revenue from consumer discretionary products such as automobiles likely spurted 1921 per cent on-year, aided by higher realisations and volume.