India's Home Textile Exporters Sew A Success Story On Pandemic-Induced Lifestyle Changes: ICRA

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..ICRA Research Report.Home textile exports was one of the first few textile segments to recover from the impact of the pandemic last fiscal, with companies reverting to YoY growth from Q2 FY21 itself and reporting three consecutive quarters of double-digit growth thereafter. For the past three quarters, sales for our sample set (comprising four large, listed players, accounting for ~35-40% share in India’s home textile exports) have averaged ~25-40% higher than the three-year average for the pre-Covid-19 period. Following the healthy growth in recent quarters, we expect the sample to report ~20-25% YoY growth in Q2 FY22.Despite economies opening up, pandemic-induced lifestyle changes stemming from heightened hygiene and increased stay-at-home, are expected to support demand/ growth in the upcoming quarters. .Click on the attachment to read the full report: .DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India's Home Textile Exporters Sew A Success Story On Pandemic-Induced Lifestyle Changes: ICRA

India's Home Textile Exporters Sew A Success Story On Pandemic-Induced Lifestyle Changes: ICRA

Choose a plan