Paper manufacturers' revenue may dip 2-3 pc in FY25: Crisil report

Indian paper manufacturers face a 2-3% revenue dip this fiscal year. Operating margins will likely shrink to 15-16%. High wood costs and lower paper prices are to blame. Volume growth is expected to be a modest 2-4%. However, the industry's financial health remains stable. A margin recovery is anticipated next fiscal year as wood supply improves.