Filatex India - Improvement In Yarn Spreads To Boost Profitability, Says ICICI Direct
Samples of colored woolen yarn are seen at a factory in Axminster, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Filatex India - Improvement In Yarn Spreads To Boost Profitability, Says ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Filatex Company Update.pdf

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