Representative image Indian apparel exporters are expected to register a 9-11 per cent revenue expansion in FY25 aided primarily by gradual liquidation of retail inventory in key end markets and a shift in global sourcing to India, ratings agency ICRA on Monday. The long-term prospects for Indian apparel exports are favourable, aided by enhanced product…
Representative image Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a…
Representative image New Delhi: Apparel exports are expected to see a muted recovery with around 8-9 per cent growth in revenues, said ICRA in a press note on Wednesday. The revival is expected owing to the demand for stock replenishment in the US and the EU regions. The retail apparel brands in the US and…
Representative image New Delhi: The domestic jewellery retail industry is projected to grow at a yearly rate of 10-12 per cent in FY2024, said ICRA in a note revising its previous forecast of 8-10 per cent growth. The revised growth is mainly driven by the jump in gold prices. In H1 FY2024, jewellery consumption is…
New Delhi: The footwear industry is likely to register a moderate growth of 7-8 per cent in the current fiscal against 28 per cent in FY23, a report by Icra said on Thursday. The industry witnessed a muted revenue growth in the first half of FY24, mainly on account of factors like sluggish volume growth…
New Delhi: India‘s export of cut and polished diamonds is projected to decline by 22 per cent to USD 17.2 billion in the current fiscal due to weakened demand from the key consuming nations, according to rating agency Icra. In the first five months of the current fiscal, cut and polished diamond exports witnessed a…
Representative Image Higher discounts following a demand slowdown and increased advertising and promotion expenses to support revenue growth are likely to pressurise profit margins of fashion retailers in FY2024, according to an analysis by ICRA. The operating profit margins of 11 listed retail entities, which accounts for 23% of industry revenue, will moderate by close…
Representative Image New Delhi: The retail apparel brands in the US and the EU, which together account for close to 55 per cent of global apparel trade, are expected to liquidate the high inventory build-up of FY2023 and book their orders for the spring and summer season in H2 FY2024. Despite a tepid demand environment…
