New Delhi, Nov 1 || A rebound in exports after two years will drive up the revenue of the Indian agrochemical industry by 6-7 per cent this fiscal, a report said on Monday.
The development will be supported by a favourably timed revival in global demand and normalisation of inventories, just as domestic offtake slows due to a protracted monsoon that impacted kharif season sales.
The industry's return to its long-term growth range of 8-10 per cent next fiscal, however, hinges on exports sustaining the momentum and domestic demand picking up, Crisil Ratings said in its report.
Steady realisations, stable raw material prices and limited US tariff impact will keep operating margins rangebound this fiscal and the next, the report added.