Crisil Ratings says, revenue of paper makers to see a decline

According to the IPMA, paper consumption in India will reach 30 million tons by March 2027. And so, on the one hand most paper companies have improved their balance sheet. On the other hand, a Crisil Ratings analysis says, the revenue of paper makers will crumple 8-10% this fiscal. The prediction is: Healthy profits and modest capex spend to support credit risk profiles.

by Dibyajyoti Sarma