Operating margins of jute manufacturers are expected to shrink by approximately 50 basis points (bps) this fiscal due to wage hikes and subdued demand in the more profitable export markets. This marks the second consecutive year of declining profitability. Despite this, their credit profiles
It seems the worst is over for the domestic textile and apparel (T&A) sector, if one goes by the exports data of the first two months of the current calendar year of 2024. Even as the overall exports declined by 1 per cent to $34.4 billion and the apparel exports from the country dipped by […]
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 retailers in major markets abroad. The industry’s operating profitability […]