Profitability of packaging film firms to improve to 19% this fiscal: Crisil

Packaging film companies are expected to see an improved profitability at a decade high of 19 per cent this fiscal driven by robust demand, growing in-home consumption, and benign input costs, among others, a report said. An analysis of Crisil-rated flexible packaging film companies, which account for over 60 per cent of the industr y's revenue and debt, indicates brightening of their credit outlook over the near-to medium-term amid stable debt levels, ratings agency Crisil said in the report on Thursday.

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