Paper manufacturers’ revenue may dip 2-3 pc in FY25: Crisil report
Indian paper manufacturers face a 2-3per cent revenue dip this fiscal year. Operating margins will likely shrink to 15-16per cent. High wood costs and lower paper prices are to blame. Volume growth is expected to be a modest 2-4per cent. However, the industry’s financial health remains stable. A margin recovery is anticipated next fiscal year as wood supply improves.
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