India earnings surprise market, but headwinds seen ahead


* Profit growth at firms outstrips revenue rise * Lower input costs help, but inflation pressure seen ahead * Markets may be overpricing earnings surprise * Monsoon progress seen key to future trends By Nandita Bose and C.J. Kuncheria MUMBAI/NEW DELHI, July 31 (Reuters) - Indian companies reported better profits than expected in the June quarter, but revenue remained subdued amid weak demand and analysts cautioned that inflationary pressures in the coming quarters could erode cost ...

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