The Indian tea industry is expected to report an 8% decline in revenue this fiscal year due to a decrease in export volume, according to CRISIL Ratings. Operating profitability is also expected to fall for the second year in a row. However, low leverage and minimal capital expenditure are expected to keep credit profiles stable.
Chai Chun to pour Excellence at BIMSTEC Business Conclave aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
The production costs for Darjeeling tea have increased, while the price has not increased enough, putting the industry that produces the ‘champagne’ of Indian teas, at risk