Chaman Lal Setia Exports Reports Flat Q1 Volumes Amid Geopolitical Challenges 3 days ago
Chaman Lal Setia Exports, a leading Indian rice exporter, reported stable volumes of 41,255 tons but a 15% year-on-year revenue decline in Q1 due to lower global rice prices. The company faced geopolitical challenges in various markets. New processing units in Mundra and Karnal have become operational, each capable of generating annual revenue of approximately INR 100 crore. The company strategically reduced inventory levels awaiting lower-priced new crop arrivals. Chaman Lal Setia Exports remains debt-free and targets Q2 revenue of INR 400 crore. The company expects minimal impact from the US tariff increase on Indian rice exports and is exploring new markets including Russia and Japan.
Chaman Lal Setia Exports Reports Decline in Q1 Profit and Revenue 10 days ago