| Manufacturers see profitability at highest level in a year as raw material costs decline, demand stays steady. Profitability of Indian manufacturing companies rose to the highest level in a year as global commodity prices plunged and demand in Asia’s third largest economy held steady.
The ability of some firms to retain the benefits of lower input costs, rather than pass them on to the consumer in the form of price cuts to help stoke consumption, also reflects a mild improvement in pricing power. Operating profit margin, the difference between revenue and expenses, climbed to 14.67%, the highest since the quarter ended June 2014 and the second highest since at least March 2012, according to a Mint analysis of 142 manufacturing companies that are part of the BSE 500 index and have reported their June quarter earnings...............................................Full Article: Source
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