Duff & Phelps Launches Eighth Edition Of Industry Multiples India Report

We are pleased to launch the eighth edition of our Industry Multiples India Report for the quarter ended June 2019. The report provides an overview of market multiples of companies in 23 major industries in the S&P BSE 500 Index.

Highlights Include

• The media, apparel and energy sectors experienced the largest decline in multiples during this quarter. Media advertisement revenue decreased due to implementation of a new tariff order by the Telecom Regulatory Authority of India (TRAI) in May. India's apparel exports to developed countries fell by around 15.0% due to a slowdown in demand, weak economic activity and loss of market share to Bangladesh and Vietnam.
• Energy and metals stock prices fell as trade tensions intensified in May. This, coupled with moderate domestic demand, led to a sharp decline in global commodity and fuel prices. Further, the pharmaceuticals sector also experienced a decline due to weakness in the domestic formulation business during this