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INDIAN COTTON SPINNERS
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...- India's cotton yarn industry set for 7-9% revenue growth driven by export rebound and domestic demandIndia's cotton yarn sector anticipates significant revenue growth. Crisil Ratings projects a 7-9% increase this fiscal year. This growth is...
- Operating margins for the cotton spinning industry to improve 11.5-12.0% in FY 2024Demand expected to pick up from H2 FY2024, with an improvement in orders from the downstream apparel companies gearing up for Spring/Summer...
- Macro headwinds impact performance of textile players across segments in Q2 FY2023The impact is steeper for smaller players since large scale companies benefit from cost savings on bulk purchases of raw materials.
- 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...
- 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...
- India to score over Pakistan in yarn supply in Chinese marketCome November and Indian spinners will be in an advantageous position to compete with Pakistan in the Chinese market.
- ITC to promote sale of African cotton in Asian countriesThe International Trade Centre, is looking at an opportunity to establish direct linkage between ginner in Africa and buyers in India.
- 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...
- SIMA asks Centre to check cotton exportWith the Cotton Advisory Board estimating a record and bumper cotton production of 315 lakh bales in the 2007-08 season, the Southern India...
- SIMA asks Centre to check cotton exportWith the Cotton Advisory Board estimating a record and bumper cotton production of 315 lakh bales in the 2007-08 season, the Southern India...
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