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COTTON SPINNERS
Cotton duty or competitiveness? The bigger challenge facing India’s $190 billion textile industryThe government’s temporary import duty relief may ease pressure on mills and exporters, but industry experts say deeper problems in product...- Explained: Why textile stocks are delivering up to 14% returns for investors on Wednesday?Textile stocks rallied sharply on Wednesday after brokerages turned bullish on the sector, citing improving global demand, favourable trade...
- Shreedhar Spinners IPO: Check GMP, subscription, price band and other detailsThe NSE SME issue will remain open for bidding till June 25. The company aims to raise Rs 30.68 crore through an entirely fresh issue of 57...
- Textile stocks to rally? Emkay sees sector at inflection point to regain lost glory, initiates 'Buy' call on 3 stocksIndia’s textile sector is nearing an inflection point and could regain lost global market share, according to Emkay Global. The brokerage i...
- Explained: Why Gokaldas Exports, KPR Mill and other textile stocks soared up to 8% on MondayTextile stocks such as Gokaldas Exports, KPR Mill, Vardhman Textiles and Trident rallied up to 8% after the government exempted cotton impo...
- NCLAT sets aside CCI's Rs 301.6-cr penalty on Grasim Industries, directs fresh hearingThe appellate tribunal NCLAT has overturned a Rs 301.6-crore penalty against Grasim Industries. The fair trade regulator CCI must now hear ...
- Inflation, uncompetitive prices hurting Indian cotton spinners: ICRAICRA expects its sample set of spinners to report some moderation in performance in FY2023 from FY2022 levels, while the OPM is expected to...
- Lower capex to have slight impact on credit profiles of cotton yarn spinners: CrisilBetween April and August this year, India’s cotton yarn export volume plunged 58% on-year, leading to moderation in capacity utilisation of...
- Cotton spinners likely to report double-digit growth in revenues in FY22: ReportBesides recovery in domestic order, robust growth in export demand has also supported volumes, it added. Large and mid-scale spinning compa...
- ICRA expects large/mid-scale spinning companies to report double-digit growth in revenue in FY22Indian cotton spinners are riding high on strong demand and realisations and have reported multi-year high operating profits in the past fo...
- Covid-19 pandemic delays recovery prospects for domestic spinners: IcraDemand for the downstream products viz. fabrics, apparels and home textiles, has been sluggish beginning March 2020.
- ICRA maintains 'negative’ outlook on domestic cotton amid weak demandIndia’s cotton yarn export quantity fell by 35 per cent YoY during H1 FY2020.
- Uncompetitive prices, weak exports to dent cotton spinners' profitability: IcraIndia exports roughly one-third of its cotton yarn production every year.
- Rising cotton prices to shrink operating margins of cotton yarn spinners, says CRISILCRISIL thinks that lower cotton production is expected to shrink India’s cotton stock to a two-year low of 1.2 months by the end of CS 2019.
- Cotton spinners record healthy recovery in profits as export demand surgesNotwithstanding the volatility in Indian rupee against the US dollar during the current year, the sharp rupee depreciation between July and...
- With improving domestic cotton demand, spinners set for performance recovery in Q4 FY2018Besides the demand-side pressures, consistently high cotton fiber prices have also been a cause of worry for the domestic spinners.
- Spinners face challenging times; improved cotton crop to provide some succour: ICRASpinners’ contribution levels have remained under continued pressure averaging at ~Rs. 75/ kg in the past 15 months, ~7% lower than the ave...
- Weak demand, high prices likely to hurt domestic cotton spinners: ICRAThe growth in spun yarn production slowed further to 1.1% in H1 FY2017 from the slowest growth in four years (3.2%) witnessed in FY2016.
- Cotton farmers to suffer from fibre securityIndia has shut its open cotton economy in the name of “fibre security”. But while food security helps us all, fibre security would only pro...
- High price spoils cotton partyFailing to rein in the skyrocketing prices of cotton, a section of the Indian textile industry could just shun the commodity in 2008-09 and...
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