Operating profit margins could contract by 100-150 basis points year-on-year in Q2, pressured by high raw material, fuel, freight and packaging costs Despite pressures on margins, India Inc's credit metrics are likely to remain resilient, it clarified. Key points and original sources are listed below.

• Operating profit margins could contract by 100-150 basis points year-on-year in Q2, pressured by high raw material, fuel, freight and packaging costsS1

• Despite pressures on margins, India Inc's credit metrics are likely to remain resilient, it clarified.S2