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Crisil Ratings expects domestic complex fertiliser makers' operating profitability to fall about 10% in fiscal 2025 to Rs 3,200-3,300 per tonne on higher raw material costs and lower realisations. Profitability should recover next fiscal as raw material prices soften.
Margin pressure from high DAP input costs and lagged subsidy rates signals tight phosphate economics in India, which can keep fertiliser demand and import pricing firm in the near term.
crisilratings.comNov 22, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
