Specialty Chemical Makers Face Margin Pressure Amid Export Slowdown: Crisil Ratings
New Delhi, July 6 -- Revenue growth of specialty chemical manufacturers is expected to moderate by 200 basis points this fiscal from around 8 per cent in each of the past two fiscals, as export weakness driven by supply disruptions and cautious overseas procurement offsets firm domestic demand, Crisil Ratings said.
In a release, the ratings agency noted that trade flows are likely to take a couple of quarters to normalise if the easing in the West Asia conflict sustains, the rating agency said, based on an analysis of 126 companies accounting for around 40 per cent of the industry's revenue.
Margin Pressure
Muted exports, which typically offer better margins and limited passthrough of higher crude-linked input costs, will compress the ...
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