Muted Profit Growth, Falling Retail Ownership, Improving FDI and More...

In absolute terms, total credit card spending has become large now. In absolute terms, the total spending through credit cards has almost tripled in the last 5 years. In FY25, the total spending through credit cards was over 6% of GDP or ₹21 trillion (US$250bn) in absolute terms. And almost 100% of the credit card payments are final household cons

We are coming towards the end of the 4Q results season and the results so far have been muted. In terms of revenue growth, 4QFY25 will likely be the 8th consecutive quarter of single-digit growth. Of the companies that have reported so far, revenue growth has totalled 7% YoY, down from ~8% in the preceding two quarters.