Mixed spread ahead for packaged-foods SMEs: CRISIL SME Tracker

Small and medium enterprises (SMEs), which make up almost three-fourths of India’s Rs -1 trillion-a-year packaged foods industry, are headed for a mixed bag in the current fiscal year.
 

The extended lockdown to stem the spread of the Covid-19 pandemic has disrupted supply chains and hampered factory operations due to the scarce availability of labour and restrictions on movement of goods across India, hurting SMEs more than large players.
 

While large players have been able to smooth down their supply chain issues over April and May, SMEs have found it challenging. Indeed, large players have been able to gain shelf-space