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E-commerce props up paper-packaging fortunes – CRISIL Ratings [Link]

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E-commerce props up paper-packaging fortunes – CRISIL Ratings [Link]

December 30, 2020 - 14:55

MUMBAI , Dec. 30, 2020 (Press Release) -A revival in demand, led by increased offtake from e-commerce channels, will support a rebound for paper-packaging entities this fiscal, offsetting the impact of pandemic-induced disruptions in the first quarter. And despite a 200 basis points (bps) blow to operating margin, credit profiles will be stable on the back of strong capital structure.

A study of 50 CRISIL-rated companies, which account for ~37% of the industry’s revenue, indicates as much.

Press Release – E-commerce props up paper-packaging fortunes

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