Economy News
Input inflation, muted demand drags on earnings growth

The reasonably good results for the December 2020 earnings season and the recovery in the coming quarters notwithstanding, profit estimates for FY22 remain below pre-Covid levels. Indeed, while the economy is recovering fast, large pockets remain fragile. While earnings for FY22 will benefit from the low base of FY21, just as the FY21 numbers have benefited from the low base of FY20, there are a couple of headwinds.

News Source:- https://www.financialexpress.com/economy/input-inflation-muted-demand-drags-on-earnings-growth/2199133/