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YARN REALISATIONS
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...- Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Gl...
- No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...
- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%Here’s a thing investors in equity need to keep in mind. A large part of the upmove one might see in the next one or two trading sessions w...
- War hits Indian factories, but yarn makers spin export boom to ChinaIndian cotton yarn factories are increasing output to meet unprecedented demand from China. Disruptions from the Middle East war have impac...
- QCO revocation leg up to downstream textile sector: CrisilThe government's decision to remove Quality Control Orders on polymer and fibre intermediates will lower raw material costs for India's rea...
- Indian cotton spinning industry expected to recover in FY25: ICRA ReportICRA predicts the domestic cotton spinning industry will recover in FY2025, with 6-8% growth driven by increased volume and mild realisatio...
- 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.
- Uncompetitive prices, weak exports to dent cotton spinners' profitability: IcraIndia exports roughly one-third of its cotton yarn production every year.
- 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...
- ShriVallabh Pittie Rs 450-crore textile unit begins ops in RajasthanThe plant is fully automated with 1,00,000 spindles holding a manufacturing capacity of 22,000 tonnes per annum and is spread across 25 acr...
- SISPA: Mills to stop sales and delivery of yarns for one weekSISPA have decided not to sell or deliver yarns for one week to avoid the traders from creating a situation to source yarn at lower prices.
- Textile sector could see a stable growth with some risks in the current year: India RatingsThe sector would maintain an overall stable outlook led by stable spinning margins in the range-bound cotton prices and favourable domestic...
- Yarn output to rise 6 per cent in FY13: CMIEAfter a drop in yarn production in FY12, following low demand from the textile sector due to high prices, the output is likely to pick up i...
- Textile companies: Better prices, demand to benefit yarn producersIncreasing cotton prices may hamper textile companies’ earnings growth. Yarn producing companies, however, may be able to tackle the rising...
- Yarn piles up as Re hits new highsThe impact of the rupee rise has started travelling down the value chain.
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