Home Posts tagged CRISIL Ratings
Trade & Market

Jute Makers To See Margins Drop For Second Straight Fiscal

Operating margins of jute manufacturers are expected to shrink by approximately 50 basis points (bps) this fiscal due to wage hikes and subdued demand in the more profitable export markets. This marks the second consecutive year of declining profitability. Despite this, their credit profiles will remain stable due to strong procurement by government agencies, healthy […]