For sunflower oil refiners, volume to wilt 8-10% in 2025
Indian refined sunflower oil volumes are expected to decline 8-10% in fiscal 2025, with domestic consumers shifting back to soybean oil amid a price correction on back of a healthy soy harvest. Profitability of sunflower oil refiners, however, will expand 50-60 basis points (bps) on stable prices, hedging policies and the government’s announcement of continuing duty-free imports.
For large residential developers, growth momentum stays strong
Continuing premiumisation, favourable affordability1 along with rising per capita incomes should help large, listed residential developers2 build 10-12% volume growth this fiscal after an estimated growth of ~14% on a high base in fiscal 2024.
CP volume buoyant as NBFCs seek funding diversification
The Reserve Bank of India mandate to increase risk weights on bank loans given to higher-rated non-banking financial companies (NBFCs) is spurring funding diversification among the latter. Consequently, quarterly commercial paper (CP) issuances by NBFCs1 hit a ~four-and-a-half-year high of ~Rs 1.2 lakh crore in January-March 2024, a level last seen in July-September 2019. However, this is still lower than the highs of ~Rs 3.1 lakh crore seen in July-September 2018 (see chart in annexure for details).
Rising traffic to lift revenue of private airports by 30% this fiscal
An expected increase of 10% in passenger traffic on the high base of fiscal 2024, combined with capital expenditure (capex)-linked tariff hikes and rising non-aeronautical revenue per passenger, will help grow the revenue of leading private airport operators by around 30% this fiscal.
CRISIL ESG Ratings & Analytics Ltd gets SEBI nod to offer ESG ratings
The Securities and Exchange Board of India (SEBI) has approved CRISIL ESG Ratings & Analytics Ltd (CRISIL ESG Ratings), a wholly owned subsidiary of CRISIL Ratings Ltd (CRL), as a Category 1 provider of environmental, social and governance (ESG) ratings.
Aveek Datta
Associate Director - Corporate Communications
+91 99204 93912
aveek.datta@crisil.com