Home textiles to weave 6-8% growth after rebound from last fiscal year: CRISIL Ratings

Quick Summary:

The home textile industry derives 70-75% of its revenue from exports — the US alone accounts for 60% — and the remaining 25-30% from the domestic market.

With domestic raw material prices remaining close to international prices, the operating margin is likely to remain stable at 14-15% this fiscal year.

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.

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Article Details

Author / Journalist: Neha Dewan

Category: Business

Markets: IndiaBrazilGermanyPakistan

Topics: Us Gautam shahi Home textiles Eu CRISIL Ratings India Cotton prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 11:25:05 (4 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1256 words

Reading Time: 7 minutes read

Sentences: 31 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23621265

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