Domestic demand growth is set to outpace exports, driven by a recovery in downstream segments. Operating margins are expected to expand by 100-150 bps in FY2025 with improved gross contribution levels. ICRA forecasts a recovery for the domestic cotton spinning industry in FY2025, with a growth
Global cotton consumption is forecasted at 116.2 million bales, up more than 6.6 million from the previous year. Greater cotton supplies, lower producer price inflation, low global cotton yarn stocks, and greater margins for spinners are expected to boost future use. Consumption is forecast at the second highest level in 5 years and implies an […]