New Delhi, Aug. 26 -- The RBI's Q1 FY2025-26 data on 3,079 listed non-government, non-financial companies shows a slowdown in sales growth, with overall sales rising 5.5% y-o-y-down from 7.1% in the previous quarter and 6.9% in Q1 FY2024-25.

The manufacturing sector, comprising 1,736 companies, saw its sales growth moderate to 5.3% y-o-y, down from 6.6% in Q4:2024-25. The decline was largely driven by weak performance in the petroleum industry, according to the RBI press release.

Expenses of manufacturing companies' on raw materials increased at a slower pace of 4.5% y-o-y, compared to 8.3% in the previous quarter, in tandem with the moderation in sales growth. Consequently, the raw material-to-sales ratio moderated to 54.1% in Q1 from ...