Improved operating performance to keep credit outlook stable despite moderate capex Revenue of the home textile industry is set to rise 7-9% this fiscal after a ~15% fall last fiscal, as India regains global share following a correction in domestic cotton prices and restocking by big-box
Having suffered multiple challenges in the last few quarters, the worst seems to be almost over for the domestic cotton spinning sector. While the industry players are cautiously agreeing to this fact, rating agencies like CareEdge Ratings and ICRA believe that the industry is likely to commence its northward journey during the second half of […]
China’s cotton imports fell to their lowest level in five years, amounting to 6.4 million bales during the period of August 2022 to July 2023, which is less than half the volume witnessed two years earlier. Several factors have contributed to this decline in demand, including record-high domestic production in nine years, lower domestic prices […]















