Bulletin Updates
Speciality chemicals: Are the good times over? – 9 Jul 2021
Jul 09, 2021
The Indian specialty chemicals sector surprised positively with better-than-expected revenue growth across companies due to strong demand traction across segments
However, a sharp jump in input cost and removal of export incentive scheme (MEIS) led to a loss in gross margin and OPM
The companies are in talks with the government for an alternative to export incentive scheme which would normalise the margins going forward
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