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Business Standard

CARE Ratings reaffirms NCC's 'AA-' rating with 'stable' outlook

NCC said that CARE Ratings has reaffirmed its rating on the long-term bank facilities of the company at 'CARE AA-' with 'stable' outlook.

Business Standard

CARE Ratings reaffirms ratings of Divi's Labs with 'stable' outlook

Divi's Laboratories said that CARE Ratings has reaffirmed the company's long-term rating at 'CARE AA+' with 'stable' outlook.

CNBC TV18

CARE Ratings maintains 'AA Negative' on Punjab & Sind Bank's bond

CARE Ratings stated that the rating was maintained due to the government's support, Punjab & Sind Bank's strong presence in northern India, particularly in Delhi and Punjab, and improved asset quality.

The Economic Times

Commercial vehicle sales volumes may degrow by 3-6% in FY25: CARE Ratings

Commercial Vehicle (CV) sales volumes are projected to decline by 3-6% in FY25, driven by weak demand in MHCV and LCV segments and high dealer inventory levels. However, a rebound is expected in the second half of the fiscal year due to post-election infrastructure projects and replacement demand. Despite challenges, recovery is anticipated with GDP growth and potential interest rate cuts supporting the industry.

The Economic Times

Retail asset securitisation volumes at Rs 48,000 crore in June quarter: CARE Ratings

Retail asset securitisation market shrinks by 13% to Rs 48,000 crore in June quarter. Originators flush with liquidity cited as primary reason. Increase in investor demand for PSL assets noted. MBS transactions lead DA volumes. Prediction of strong market performance in FY25.

Business Standard

FMCG sector to see 7-9% revenue growth this fiscal: CRISIL Ratings

The fast-moving consumer goods (FMCG) sector is expected to see revenue growth of 7-9 per cent this fiscal, according to a report released by CRISIL Ratings on Saturday. The expected revenue increase this financial year (2024-25) will be supported by higher volume growth on the back of a revival in rural and steady urban demand. The estimated growth of the FMCG sector in 2023-24 was 5-7 per cent. The report said product realisation is expected to grow in single digits with a marginal rise in prices of key raw materials for the food and beverage (F&B) segment. However, the prices of key raw materials for the personal care and home care segments are likely to be stable. CRISIL Ratings Director Rabindra Verma said, "Revenue growth will vary across product segments and firms. The F&B segment is expected to grow 8-9 per cent this fiscal, aided by improving rural demand. The personal care segment is likely to grow by 6-7 per cent, and the home care by 8-9 per cent." The FMCG players

Business Standard

FMCG sector may see 7-9% revenue growth in FY25 on rural recovery: CRISIL

The fast-moving consumer goods (FMCG) sector is expected to see a revenue growth of 7 to 9 per cent this fiscal, helped by higher sales volume and a revival of rural markets, Crisil Ratings said in a report. Volume growth from urban consumers will also remain steady at 7 to 8 per cent supported by rising disposable incomes and continued focus on premium offerings by the industry players, especially in the personal care and home care segments, it said. Moreover, the premiumisation trend and growth in volume will expand the operating margin of FMCG companies "by 50-75 basis points to 20-21 per cent", it said. "The margin expansion would have been higher but for rising selling and marketing expenses amid heightened competition among organised and unorganised players alike," the report added. The product realisations in FY25 are "expected to grow in low single digits with a marginal rise in prices of key raw materials for the food and beverages (F&B) segment", however, key raw ...