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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. ....
CRISIL Ratings: For tea companies, ~8% revenue degrowth brewing this fiscal equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Tea cos to witness 8% fall in revenue on decline in exports: Crisil Ratings business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
An analysis of jute companies rated by CRISIL Ratings, accounting for 30% of the sector’s revenue, indicates as much.Exports, which form a third of the sector’s revenue of Rs 12,000 crore, are seen 15% lower this fiscal, after falling 8% last fiscal as overseas channel partners continue to destock amid slowdown worries in the US and Europe (key markets accounting for over 60% of the total exports from India). ....
Jute industry revenue likely to dip by 5-6% on weak overseas demand: Report business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.