Wage hikes, subdued export demand might shrink jute makers’ margins: CRISIL report
Working margins of jute producers are anticipated to shrink by about 50 foundation factors (bps) this fiscal resulting from improve in wages amidst subdued demand within the extra worthwhile export markets corresponding to Europe and the US. That can mark the second consecutive 12 months of decline in profitability. Nevertheless, their credit score profiles will … Read more
