Credit profiles of tea companies expected to improve in FY21: Crisil
Credit profiles of tea companies expected to improve in FY21: Crisil
The credit profile of tea companies will improve as the EBIDTA (earnings before interest, taxes, depreciation and amortization) margin of 44 tea companies rated by CRISIL Ratings (representing 12% of industry revenue) is expected to improve. increase 300 basis points to 11% in FY21. This came as tea auction prices rose 30% year-on-year in this […]
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