The jute industry’s revenue could fall 5-6 per cent in Financial Year 2023-24( FY24) as weak overseas demand squeezes exports, said a report on Wednesday....
CRISIL Ratings said domestic demand is expected to be stable, but operating margin is seen down 200-250 basis points to 5 per cent as more-profitable exports will be lower....
CRISIL analysed jute companies comprising 30 per cent of the sector’s revenue to predict that credit profiles will be stable due to healthy balance sheets and littl
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2023-08-24 00:00:00.0