India’s Top 500 Value Creators 2023

India’s Top 500 Value Creators 2023 | 37 [ OVERVIEW OF INDIA’S TOP 500 VALUE CREATORS ] TOP 20 VALUE CREATOR SECTORS: FY23 SNAPSHOT Rising inflation, growing geopolitical tensions and dire climate-change events threaten to weaken the global economic outlook. However, the FY23 story for India Inc. has been one characterized by resilience and recovery. Despite challenging global conditions, the Indian economy has shown resilience, bolstered by higher consumption, infrastructure spending, and the setting up of more businesses. Dun & Bradstreet has analyzed the net income and profit growth of the Top 20 sectors (which have been identified based on their total income for FY23). Income vs Profit growth FY23 Source: D&B Research, Company Annual Reports Indicates sector revenue based on Top 500 companies’ classification for FY23 TOP 20 VALUE CREATOR SECTORS CONTINUE TO GROW AFTER FY22 RECOVERY Out of the top 20 sectors; 18 sectors have reported double digit growth in their total income for FY23, none of the top sectors recorded de-growth. The Fertilisers sector recorded total income growth of 60.3% inFY23, supportedby a record high government subsidy allocation of INR 2.25 trillion. The total income growth of the Gas - Processing, Transmission & Marketing sector stood at a strong 48.7% despite price hike, driven by growing demand from City Gas Distribution (CGD) and the fertilisers sector. AUTO SECTORS SHOW RESILIENCE, IRON & STEEL AND CEMENT SEE PROFITS CONTRACT The ne t p r o f i t g r owt h o f Automobiles has been thehighest among the top20 sectors for FY23 at 121.9%. This figure reflects the sector’s resilience which has enabled a healthy recovery as supply chain shortages ease and companies cater to pent-up demand. On the other hand, the FY23 net profit growth for the Iron & Steel sector stood at -59.5% due to key challenges including weak global demand and rising iron ore costs. FY23 net profit growth for the Cement sector has also been one of the lowest at -27.8%, significantly impacted by high input costs, particularly the cost of fuel. Dun & Bradstreet