Tag: Crisil Ratings
MANUFACTURING Tyre Makers Face Temporary Margin Squeeze As Raw Material Costs Rise

India’s tyre manufacturers are likely to see their operating margins moderate this fiscal as a sharp rise in raw material costs outpaces staggered price increases, according to Crisil Ratings. Operating margins for the industry stood at 14.2% last fiscal and are expected to decline by around 200-250 basis points this fiscal, as key input costs […]

CW Bureau · Aug 25, 2026
AUTO PV Dealers Set For 10-12% Growth As Strong Demand Drive Sales: Crisil

Domestic passenger vehicle (PV) dealers are expected to sustain strong growth of 10-12% this fiscal, supported by healthy demand, premiumisation and periodic price hikes by original equipment manufacturers (OEMs), according to a Crisil Ratings analysis of 102 PV dealers. The growth outlook follows a 13% increase in dealer volumes last fiscal, when demand rebounded sharply […]

CW Bureau · Aug 23, 2026
AUTO Organised Used-Car Market To Cross 7 Mn Units As Profitability Improves

India’s organised used-car market is expected to maintain its growth momentum this fiscal, with sales projected to cross 7 million units, driven by robust demand from first-time buyers, improving digital adoption and better financing access, according to a Crisil Ratings report. The report estimates used-car volumes will grow 7-9% during the current fiscal, while the […]

CW Bureau · Aug 5, 2026
MANUFACTURING Cement Makers To Feel Heat Of West Asia Conflict Despite Demand Growth

Rising input costs triggered by the ongoing West Asia conflict are expected to reduce the operating margins of Indian cement manufacturers by ₹50-75 per tonne this fiscal, even as steady domestic demand and healthy cash flows keep the sector’s credit profile stable, according to Crisil Ratings. A Crisil analysis of 18 cement companies, representing nearly […]

CW Bureau · Jul 22, 2026
BANKING & FINANCE Gold Loan Lenders Well Protected Against Gold Price Correction Risks

Domestic gold loan lenders remain well insulated from risks arising out of potential corrections in gold prices, backed by strong risk management practices, prudent loan-to-value (LTV) ratios and efficient recovery mechanisms, according to a report by Crisil Ratings. The report noted that despite the recent increase in the regulatory LTV ceiling to 85% for loans […]

CW Bureau · Jun 25, 2026
INFRASTRUCTURE India’s Infra Push May Get Boost From Domestic Demand And Policy Support

Despite the West Asia conflict and global uncertainties, India’s infrastructure growth story continues to move resolutely towards the Viksit Bharat vision, with tailwinds across sectors. Expanding investment landscapeFrom clean energy diversification (renewables) and logistical debottlenecking (roads), the story is expanding into digitalisation (data centres, smart meters) and decarbonisation (green hydrogen, batteries). This investment momentum will […]

CW Bureau · Apr 21, 2026
HOSPITALITY After Expansion, Residential Realty Sales Growth To Moderate In FY27

The residential real estate sector has entered a phase of calibrated growth following a strong post-pandemic expansion. Between fiscal 2022 and fiscal 2025, the industry recorded a compound annual growth rate (CAGR) of 26% in sales (value). Despite the moderation, steady operating performance, supported by healthy collections, has enabled developers to maintain controlled debt levels, […]

CW Bureau · Mar 30, 2026
GENERAL Fertiliser Production May Drop 10–15% If West Asia Crisis Persists Further

Supply chain disruptions stemming from the ongoing conflict in West Asia could impact India’s annual domestic production of both complex fertilisers and urea by 10 to 15%. Profitability of manufacturers may decline due to lower capacity utilisation, driven by constraints in the availability of key raw materials. Rising Costs to Inflate Working Capital and Subsidy […]

CW Bureau · Mar 28, 2026