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TCNS Clothing Q2 Update - Building Levers For Sustainable Growth: ICICI Direct

TCNS Clothing Q2 Update - Building Levers For Sustainable Growth: ICICI Direct

<div class="paragraphs"><p>A customer wearing a protective mask enters a clothing store in Chennai. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A customer wearing a protective mask enters a clothing store in Chennai. (Photographer: Dhiraj Singh/Bloomberg)

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. Ltd. has emerged as the market leader in women’s ethnic space through its three popular home grown brands.

TCNS follows an asset light business model, with production outsourced on a job work basis. This enables the company to generate high RoIC.

Healthy balance sheet with cash reserves worth 160 crore.

Click on the attachment to read the full report:

ICICI Direct TCNS Clothing Company Update.pdf

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