Textile Update - Several Near-Term Headwinds Loom Over The Sector: ICICI Direct

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.The textile value chain has recently been marred by various challenges such as: all-time high cotton prices (up two times YoY),increasing freight expenses and delay in order delivery owing to port congestion for global retail chains,inability/reluctance of U.S. retailers to absorb higher prices owing to recent spike in inflation impacting consumer sentiments,inventory pile up for large global retailers. Indian home textile players witnessed a decline in market share in the U.S. Also, India’s apparel export data in May 2022 has seen a receding trajectory. U.S. is one of the key textile markets for India accounting for 50% of home textile exports and 28% of apparel exports. Hence, reduced purchasing power in key export markets would negatively impact order book of Indian exporters. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Textile Update - Several Near-Term Headwinds Loom Over The Sector: ICICI Direct

Textile Update - Several Near-Term Headwinds Loom Over The Sector: ICICI Direct

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