The leather and allied products industry is estimated to have generated around Rs 56,000 crore in revenue during fiscal 2025. (Photo: Source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Indian leather and allied product firms will likely note a revenue decline by 10-12% this fiscal after the steep 50% tariffs were imposed by US on India, as per a Crisil Ratings report. Notably, US is a major market for domestic leather players.

The agency believes that with the high export concentration, companies would witness a decline despite a moderate improvement in domestic demand following the rationalisation of Goods and Services Tax (GST), besides other favourable macro-economic factors such as lower income taxes, benign inflation, and low interest rates, PTI said c

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