New Delhi, July 15 -- Indian edible oil refiners are set to see their revenues decline 2-3 per cent on-year to Rs 2.6 lakh crore this fiscal due to lower realisations, even as volumes grow 2.8-3.0 per cent on-year, according to the credit rating agency Crisil Ratings.

The firm stated that this comes after a 15 per cent revenue growth witnessed in fiscal 2025.

As a result, operating margin is expected to shrink 30-50 basis points to 3.3-3.5 per cent. Nevertheless, stable working capital requirements and lower capital expenditure (Capex) will keep credit profiles stable.

An analysis of 82 Crisil Ratings-rated edible oil refiners, which form around 40 per cent of the industry's revenue, indicates as much. For the record, India imports ove...