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Jute manufacturers' margins to shrink amid wage hikes and weak export demand

By Economic Times - 5 months ago
Jute manufacturers in India are expected to see operating margins shrink 50 basis points this fiscal due to wage hikes and subdued demand in export markets. This marks the second consecutive year of decline in profitability. However, their credit profiles will remain stable due to strong procurement by government agencies, healthy balance sheets, and negligible capital expenditure debt.

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