Topic
crisil
Business Pricing, Not Volume, Drives India Inc in Q1; Crisil Sees 11-11.5% Revenue Growth Despite Supply Disruptions
India Inc's Q1 FY27 corporate revenue is estimated to grow 11-11.5% according to Crisil, driven by pricing rather than volume, a reversal from the past two years. Resilient domestic demand allowed companies to pass on higher input costs, while supply disruptions from the West Asia conflict impacted exporters and construction. Operating profit margins are expected to contract 75-100 bps.
Trade Corporate India Faces Lower Profit Hit as US-Iran Truce Holds, Crisil Says
Crisil Ratings now expects a 100-basis-point decline in operating margins for corporate India in fiscal 2027, halving its earlier estimate of 200 bps, following the US-Iran ceasefire and reopening of the Strait of Hormuz. Only 10 of 34 sectors are seen vulnerable, down from 22. Sectors like airlines and ceramics remain under pressure, while oil marketing companies and fertiliser makers stand to benefit.
Commodities Milk production slows to 4% but organised dairies eye 13-15% revenue growth: CRISIL
CRISIL Ratings expects India's raw milk production to slow to 4% this fiscal, down from a 5% CAGR, due to El Niño-linked weather disruptions and rising fodder costs. However, organised dairies are projected to grow revenues by 13-15%, driven by price increases and expansion in value-added dairy products, despite flat operating margins.
Commodities Crisil Forecasts Brent Crude at $90-95/barrel, Warns of India CAD Risk
Crisil Intelligence projects Brent crude averaging $90-95 per barrel this fiscal, a 32% increase from fiscal 2026, driving India's current account deficit to 2.2% of GDP from 0.6%. The rating agency noted that despite potential resolution of West Asia tensions, elevated energy prices will persist due to supply normalisation delays.
Commodities Crude Oil Price Surge: Impact on Inflation and Transport Costs
Crude oil prices on the NYMEX have surged to $112 per barrel, impacting inflation and transport costs. Crisil warns of potential increases in CPI inflation by up to 48 basis points.