Indian tea industry expects 8% decline in revenue this fisca

Indian tea industry expects 8% decline in revenue this fiscal year due to fall in exports: Crisil report

The Indian tea industry is expected to report an 8% decline in revenue this fiscal year due to a decrease in export volume, according to CRISIL Ratings. Operating profitability is also expected to fall for the second year in a row. However, low leverage and minimal capital expenditure are expected to keep credit profiles stable.

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