The Indian specialty chemicals sector will see modest revenue recovery this fiscal after a decline last fiscal.
With realisations likely to have bottomed out, the revival will be largely volume-led, driven by domestic demand even as exports remain muted.
Steady demand from diversified end-user segments will drive domestic growth, while continuing pressure from cheaper Chinese supplies will keep exports flattish.
The modest recovery in growth and benign raw material prices will drive up operating margins, though these will still be below pre-pandemic levels.
The medium-term prospects remain strong riding on supply chain derisking by players globally and opportunities arising from slowing capacity expansion in Europe.
Continuing macroeconomic challenges and inflationary pressures will prompt prudent capital expenditure by Indian manufacturers.
Against this backdrop, we invite you to a webinar where our experts will delve into:
Demand outlook for various sub-segments
Expectations and drivers of operating profitability
Capacity expansion plans
Credit outlook
The webinar will be followed by a panel discussion with industry experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of Crisil. Any use of the same without written permission of Crisil is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
