TCNS Clothing - Indication Of Strong Festive Season Augurs Well: ICICI Direct

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.Given its multi-distribution channel approach and robust supply chain infrastructure, TCNS Clothing Co. has emerged as the market leader in women’s ethnic space through its three popular home grown brands. The company follows an asset light business model, with production outsourced on a job work basis. This enables TCNS Clothing to generate high return on invested capital.Healthy balance sheet with cash reserves worth Rs 140 crore.Channel checks indicate strong start to the festive season. Stores in the eastern region tracking 100% plus pre-Covid-19 levels during Durga Puja festival.Recovery expected to be more broad based compared to last year with metro cities and non-tier-I cities witnessing strong green shoots. .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.

TCNS Clothing - Indication Of Strong Festive Season Augurs Well: ICICI Direct

TCNS Clothing - Indication Of Strong Festive Season Augurs Well: ICICI Direct

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