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YARN 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...
- 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...
- Spinning industry expects operating margins to improve by 150-200 basis points this fiscal after hitting decadal lowCRISIL Ratings foresees improved operating margins for the cotton yarn spinning industry, driven by factors like revenue growth, stable cot...
- 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...
- 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...
- 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.
- 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...
- Yarn spinners likely to see gradual recovery in performance in FY18: ICRAICRA believes that the crop quantity and quality is unlikely to be impacted considerably because of the aforesaid concerns and the arrivals...
- 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...
- The good rains coming in would bring us a very good crop: Dinesh Nolkha, MD, Nitin SpinnersYarn prices will go up but garment manufacturers will get the credits for what we have paid so it will be neutral: Dinesh Nolkha, MD, Nitin...
- Tirupur yarn spinners pilot app to beat price volatilityEntrepreneurs in the southern hub have faced acute losses recently as their supplies of polyester and cotton yarn failed to find purchasers.
- 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.
- Claim of yarn price increase far from truth, spinnersIn the backdrop of Textile Ministry requesting spinners to come to the rescue of knitwear manufacturers , SISPA joined issue with them.
- China’s huge yarn demand cheers local spinning millsBeijing is now focussing on high-value products instead of spinning yarn, opening up a huge window for Indian suppliers of the raw material.
- 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...
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