Filatex India - Improvement In Yarn Spreads To Boost Profitability, Says ICICI Direct
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ICICI Direct Report
Product realisations across polyester oriented yarn (POY), fully drawn yarn, drawn textured yarn (DTY) have improved from October 2020 while raw material prices have not risen in similar proportion.
This has led product spreads to improve for Indian polyester yarn manufacturers.
Filatex India Ltd. being a major player in the Indian polyester industry appears well placed to benefit from enhanced margin profile for products like polyester chips, POY/FDY, DTY.
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