India’s leather and allied products industry will see its revenue drop by 10-12 per cent YoY in FY26 as the 50-per cent US tariff will slash export volume, Crisil Ratings said.
Operating profitability will slide by 150-200 bps, driven by headwinds in the export segment and the muted operating performance will weaken credit profiles.
Exporters are exploring new markets and shifting/outsourcing production.India’s leather and allied products industry will see its revenue drop by 10-12 per cent YoY in FY26 as the 50-per cent US tariff will slash export volume, Crisil Ratings said.
Operating profitability will slide by 150-200 bps, driven by headwinds in the export segment and the muted operating performance will weaken credit profiles.
Exporters are exploring new markets and shifting/outsourcing production.
