Search
+
Business News›home textile exporters
SEARCHED FOR:
In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Supply chain woes mount for traders as the Houthi attacks increase freight rates, insurance costs and travel time.
As the small businesses in India explore the overseas market with the help of e-commerce, logistics firm Shiprocket aims to make the process easier.
India's Bharat Tex 2024, India's global textile expo, is expected to attract 3,000 companies, including Swedish clothing giant H&M, American retailer Target, CIEL Group, Busana Group, Hyosung Corporation, Perennials and Sutherland LLC, and Coats Group. The expo aims to boost India's apparel exports to $40 billion by 2030 and overall exports to $100 billion.
The Tiruppur apparel industry in Tamil Nadu is facing a potential labour crisis as thousands of migrant workers from Uttar Pradesh are returning home due to increased job opportunities, particularly after the inauguration of the Ram Mandir in Ayodhya. Around 60,000 migrant workers have already left, and the Tiruppur Exporters Association (TEA) is working to improve living conditions for migrant workers to curb the exodus.
The ongoing crisis around the Red Sea shipping route, resulting from Houthi attacks on commercial vessels, may impact various industries in India. The Red Sea route via the Suez Canal accounts for 50% of the country's exports and 30% of imports. Sectors like agricultural commodities and marine foods, due to perishable goods and lean margins, could see significant impacts.
- All
- News
- Videos
- Go To Page 1Another round of re-rating? 5 stocks from textile sector with upside potential of up to 34%
Some sectors underperform for years and then come into focus. Partially due to China Plus one policy, and govt's PLI scheme, the textile sector is back in focus. But there is a macro issue that textile has been completely dominated by China and other nations. The Indian textile industry has been in bad shape for decades. Given the operating matrix, will PLI scheme, other support be enough for these cos to see sustained growth to profitability. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 stocks with detailed company analysis focusing on 5 key components - earnings, fundamentals, relative valuation, risk & price momentum.
China factory activity posts worst contraction in six monthsThe official manufacturing purchasing managers index declined to 49, the National Bureau of Statistics said in a statement on Sunday.
From textiles to plastic, India needs to get ‘high’ on hempA culinary actor, hemp is now finding a place in textiles and other products. But regulatory hurdles make it difficult to even market these goods.
Houthis attack on ship near Suez raises new danger for Indian exports, global tradeThe recent attacks on cargo ships on an important trade route have cast a cloud over well-accepted payment systems between suppliers and buyers. The situation also threatens to escalate the cost of marine freight and insurance.
Home textile players are pinning hopes on festive fervour in FY2024Home textile exports had reported a double-digit decline in FY2023 and 4M FY2024 amid high raw material expenses, energy inflation and muted demand. An ICRA report is raising their hopes.
See AlsoHome textile industryOn American shelves, Made-in-India is slowly replacing Made-in-ChinaWhile US goods imports from China declined by 10% from 2018 through 2022 in inflation-adjusted terms, they rose by 44% from India, 18% from Mexico and 65% from the 10 countries of the Association of Southeast Asian Nations (ASEAN), a recent study by Boston Consulting Group has pointed out.
Walmart on track to meet $10b annual exports from India by 2027, says sourcing head Andrea AlbrightWalmart is on its path to meet the company's goal of sourcing $10 billion in goods from India annually by 2027. Indian sellers have seen double-digit growth on Walmart Marketplace since it opened this year. The company will hold a growth summit in India to further boost exports, scheduled for February 14-15, 2024.
Man-made fibre industry is thriving in India, but why isn’t it ready to challenge China?Despite being a significant player in the textiles and apparel industry, India has been unable to make a sizable mark in a subsegment — man-made fibres.
Weaving profitability in new global order: 4 stocks from textile sector with upside potential of up to 45%There are sectors which under perform for years and then they come back to focus. Thanks to the fact that the textile industry was completely dominated by China and other countries, the Indian textile industry has been in bad shape for decades. However, post covid, partially due to China Plus one narrative. Secondly due to the fact that the government has been focusing on manufacturing, textile stocks have come into focus. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
The recent attack by Hamas on Israel has raised concerns among Indian exporters of home textiles and furnishings. They fear that their orders may be deferred and their profit margins may be affected. While Israel is a small market, exporters have been enjoying higher margins of 10-15% compared to the US due to Israel's preference for cotton textiles over synthetic ones, resulting in limited competition from China.
‘How will we survive’: Why a sector that contributes 2% to India’s GDP is in troubleThe textiles and apparel industry seem to be in the midst of an inventory recession. It is battling a 25-35% fall in domestic sales even as exporters offload unsold stocks in the market.
Home textile industry to see 7-9% rise in revenues this fiscal: ReportThe home textile industry is expected to see a 7-9% increase in revenues this fiscal year, following a decline of 15% in the previous year. The sector is benefiting from lower domestic cotton prices and restocking by big-box retailers in major overseas markets. The report by Crisil Ratings predicts that operating profitability will improve due to lower raw material costs, but it will still be below pre-pandemic levels. The industry's stable credit outlook is also attributed to improved operating performance. The US is the biggest market for the industry, accounting for more than half of its exports.
Cotton textile, apparel companies see 8-10% rise in exportsCotton textile and garment exporters in India anticipate an 8-10% increase in outbound shipments in the coming months due to the holiday season in developed markets being expected to bring relief, even as apparel exports continue to decline. Due to inflation and economic slowdowns, many clients have deferred order placements or requested lower prices, causing the apparel export sector to slump. However, cotton textile exports rose by 6% in July, and a representative from the sector believes that the green shoots emerging.
How to drive textile exports through improved quality controlWith aspirations of becoming a global powerhouse, India has set an ambitious goal of achieving USD 100 billion in textile exports by 2030.
Weaving profit: 6 stocks from textile sector with an upside potential of up to 40%Some of the initial outperformers in the stock market rally which started after covid outbreak, were from the textile sector. The narrative was China plus one. With a number of companies getting benefits under the PLI scheme, interest on the street in this sector is still high. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Industry tailwinds to support textile stocks: 5 stocks with up to 47% upside potentialFall in cotton prices, strong demand, policy support and shift in global supply chains will drive performance.
We are focussed on growing our export market: Sunil Srinivasan Chari, Rossari BiotechAll the key raw materials now have come back to nearly pre-Covid levels and that is why our finished goods prices also are less. And so the top line seems less, but the volumes are definitely better than last year.
Nimble exporters are slowly displacing Chinese competitors with new products, strategyA shift in consumer sentiments and an increasing slant of companies on wanting alternative destinations to China is encouraging Indian exporters to step up in areas traditionally known to be a stronghold of China.
6 stocks from textile sector with an upside potential upto 47%: AnalystsSome of the initial outperformers in the stock market rally which started after covid outbreak, were from the textile sector. With a number of companies getting benefits under the PLI scheme, interest on the street in this sector is still high. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Textile exports should pick up in H2 2023, domestic demand robust: HGH India’s Arun RoongtaIt is a mixed bag for India textiles as exports continue to face a slowdown but domestic demand provides some succour, says HGH India’s Arun Roongta.
Hot Stocks: Emkay initiates buy on textile sector; ITC could give 29% returns in 2023Motilal Oswal maintained its buy rating on Can Fin Homes with a target price of Rs 630, an upside of 29% from Rs 488 recorded on December 24. Re-rating is still contingent on CANF's ability to identify a successor. Robust franchise and follows a processes orientation approach which has served it well.
Turnover of home textile exporters likely to contract further in September quarter: ICRAICRA expects the turnover of home textile exporters to contract further in the quarter ended September 2022, with muted sales in the December quarter as well. Overall, ICRA expects a double-digit contraction in turnover as well as moderation in margins for home textile exporters in FY2023, following all-time high sales and profits in FY2022.
Apparel, accessories, home textiles likely in Textile PLI 2.0The textiles ministry is considering three investment thresholds of ₹15 crore, ₹30 crore and ₹45 crore, with double turnover as the criteria for incentives that would range between 8% and 10% under the ₹4,200 crore scheme. It is also likely to add a minimum number of stitching and sewing machines as another benchmark to avail the sops.
Load More
BrowseCompanies:
ABCDEFGHIJKLMNOPQRSTUVWXYZ
123456789
BACK TO TOP