Filatex India - All-Time High Spreads Aid Strong Q4 Margin Performance: ICICI Direct
Bobbins of grey silk thread sit stacked at a factory. (Photographer Luke Duggleby/Bloomberg)

Filatex India - All-Time High Spreads Aid Strong Q4 Margin Performance: ICICI Direct


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ICICI Direct Report

The manmade yarn market has been characterised by strong demand and supply constraint within the industry, which has been beneficial for Filatex India Ltd.

After a strong performance in Q3, the company reported yet another robust quarter, driven by sustained enhancement in yarn spreads.

Revenue for the quarter grew 18% QoQ (28% YoY) to Rs 852.8 crore, mainly driven by blended realisations increasing 32% QoQ (36.4% YoY).

Gross spreads (including inventory gain) increased substantially by 49% QoQ (111% YoY) to Rs 37.3/kg, with gross margins expanding approximately 400 basis points QoQ (1200 bps YoY) to 30.0%.

Click on the attachment to read the full report:

ICICI Direct Filatex Company Update.pdf


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