India Inc’s revenue growth decelerated to 5-7% in Q2 FY2025, marking the slowest in 16 quarters. Key sectors, including construction and agriculture, saw minimal growth, impacting overall performance. CRISIL estimates EBITDA margin expansion across sectors, while construction and agriculture lag behind.

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India Inc’s revenue growth slowed to between 5-7 percent for the July-September quarter, largely due to weaker performance in construction, industrial commodities, and investment-linked sectors, according to a report from CRISIL Market Intelligence and Analytics.
As per the data, this quarter marked the slowest revenue growth in the past 16 quarters, primarily weighed down by sluggish activity in key sectors. Construction and industrial commodities contributed minimally, registering just a 1 percent growth, while the agriculture sector faced a steeper decline. The agriculture segment, including fertilisers, which makes up 2 percent of the overall sample, recorded a substantial 20-22 percent drop. The export segment, accounting for roughly 22 percent of the sample, grew by a modest 5 percent. The “others” category, including aluminium, grew by 4 percent, highlighting the uneven performance across sectors, as reported by ANI.