Although domestic cotton prices remain higher than international prices, the overall demand scenario seems to be improving according to a report by Systematix Institutional Equities Research. It can recover spread in the coming quarters to support the profitability and operational efficiency of Indian textile companies. The report says the demand outlook remains strong for the…
Representative image India’s home textile industry is set to stitch a 6-8% growth this fiscal year following a 9-10% rebound in revenue growth last fiscal year, a CRISIL Ratings analysis of 40 companies has indicated. These companies account for 40-45% of the industry revenue. Such a growth is anticipated on the back of resilient demand…
New Delhi: The textile industry is seeing signs of recovery, with global retailers and brands reporting that their inventory levels have returned to pre-COVID standards, a recent report of Avendus Spark observed. However, it highlights a cautious outlook on demand as garment companies await a boost in order book momentum. This cautious optimism suggests that…
After a year of turmoil last fiscal, the cotton yarn spinning industry is expected to witness a breather this fiscal. Operating margins of cotton yarn spinners are set to improve by 150-200 basis points this fiscal after hitting decadal lows of 8.5-9% last fiscal, said CRISIL Ratings on Wednesday. An analysis of 95 cotton yarn…
Readymade garment manufacturers are likely to post an 8-10 per cent increase in revenue on the back of growing domestic demand and revival of exports, a report said on Friday. Domestic demand and revival in exports have been driven by lower cotton prices and easing supply-chain disruptions, the report by Crisil Ratings said. Volume growth…
