Paper And Paper Products Industry Update: CARE Ratings
Rolls of paper sit at the printing facility. (Photographer: Xaume Olleros/Bloomberg)

Paper And Paper Products Industry Update: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The paper and paper products industry is one of the worst affected industries due to the outbreak of Covid-1the 9 pandemic.

The lockdown imposed in the last week of March 2020 resulted in the closure of operations of the paper industry in the initial phase. Even while the paper industry’s operations resumed with reduced capacities as restrictions eased, challenges remained in terms of logistics disruption and migration of labour.

In addition to this, subdued demand from consumers also impacted sales. As a result, the industry’s sales plunged by 49.8% on a YoY basis during the June 2020 quarter.

Closure of education institutions, adoption of work from home by offices, muted demand for printing of newspapers among others disturbed the consumption of paper and paper products.

Click on the attachment to read the full report:

CARE Ratings Update on Paper and Paper Products March_2021.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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