India’s dyes and pigments industry has sustained a volume-led recovery in FY25, posting over 10 per cent topline growth and improved margins, in line with CareEdge Ratings’ expectations.
However, FY26 is projected to see a 5–7 per cent contraction, driven by export weakness amid global competition and US tariffs.
Stable domestic demand and softer raw material prices should support margins and solvency.
However, FY26 is projected to see a 5–7 per cent contraction, driven by export weakness amid global competition and US tariffs.
Stable domestic demand and softer raw material prices should support margins and solvency.
