New Delhi [India]: Corporates in India have reported 4-6 per cent revenue growth in the January-March quarter, the slowest quarterly growth since the recovery from the Covid-19 pandemic began in September 2021, according to an analysis. . The 350 companies (except financial services and oil and gas sectors) CRISIL ratings, however, have moderation based on last year's highs, with revenue growth expected to improve in only 12 of the 47 sectors monitored by CRISIL. For the third quarter sequentially and year-over-year, consumer discretionary products and services led the performance in the quarter. Among discretionary products, the automobile sector was driven by healthy growth in passenger vehicles due to higher volumes and price increases last year. The rating agency said the organized retail sector has grown for the thirteenth consecutive quarter due to healthy urban demand.Discretionary services, such airlines and hotels, benefited from the boom in the MICE (meetings, incentives, conferences and exhibitions), weddings and corporate travel sectors. On the other hand, revenues from construction-related sectors are likely to grow at a slower pace, largely due to a high base in Q4FY23, in which construction companies recorded their highest ever quarterly revenues. In the cement sector, steady demand during the quarter. Despite the pace of M&A, revenue growth remained moderate as prices came under pressure amid higher supply and intense competition, CRISIL Ratings said Miren Lodha, Senior Director, CRISIL MI&A Research, “Even with slow revenue growth in the March quarter, corporate Revenue is projected to grow 8 percent in fiscal 2024. Revenue growth should improve to 9-10 percent in fiscal 2025, driven by consumer discretionary segments that largely cater to the domestic market. Goods and services included will grow despite the slowdown in post-pandemic consumer staples segment as rural demand resumes.On the margin front, it is estimated to improve by 100 basis points (100 basis points equals 1 percentage point) year-on-year in the March quarter. Total earnings before interest, taxes, depreciation and amortization (Ebitda) margins for 350 companies continued to expand by FY2024.