Paper packaging volume to grow, but profitability to plummet: Crisil

Domestic paper packaging companies are likely to see sale volumes grow by 5% to 7% on-year this fiscal, up from ~3% last fiscal, due to improving demand from end-user industries. This modest uptick in growth will be gradual and more visible in the second half of this fiscal, a release, shared by Crisil Ratings on 30 August, said.

by Anhata Rooprai