Heat wave, elections in India create unlikely earnings winners and losers

Demand from villages and smaller towns outpaced that of cities in the April-June quarter in a sign of India’s broad-based economic growth. - Reuters

MUMBAI: A scorching summer and a long-drawn election in India may throw up some unlikely winners and losers this earnings season with consumption-linked firms Avenue Supermarts Ltd. and Bajaj Auto Ltd. slated to report next week.

Demand from villages and smaller towns outpaced that of cities in the April-June quarter in a sign of India’s broad-based economic growth.