India's heatwave and prolonged elections impact Q2 earnings of DMart and Bajaj Auto, with rural demand outpacing urban areas.

Heatwave & prolonged elections in India may create unexpected winners and losers in the earnings season, with consumption-linked firms Avenue Supermarts Ltd. (DMart) and Bajaj Auto Ltd. reporting next week. Demand in rural & smaller towns outpaced urban areas in Q2, reflecting India's broad-based economic growth.

July 12, 2024
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