Motilal Oswal: Q2 FY21 Textile Sector Update - Earnings Visibility Improves Across Companies
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.
Motilal Oswal Report
The Home Textile industry witnessed a strong demand revival during Q2 FY21 on high demand from big retailers (selling essentials), who saw their inventory pipeline running dry due to a demand recovery, lower channel inventory, and precautionary buying by big retailers during the Covid-19 pandemic.
Increasing geopolitical tensions between the U.S. and China and global companies intending to establish an alternate sourcing destination are likely to benefit Indian textile players going forward.
Apparel/Fabric/Yarn players are next in line to benefit from a paradigm shift in demand to India, huge build-up of pent-up demand and benign raw material prices.
Click on the attachment to read the full report:
This 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 brokerage 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.