India earnings surprise market, but headwinds seen ahead

Newswire

* 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 ...

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