India's textiles sector saw a sharp demand recovery, in both domestic and export segments, during fiscal 2022. Export realisations reached a record high, leading to significant growth in profitability especially for cotton yarn spinners.
However, prices of raw material such as cotton and polyester have surged in the recent past, and are likely to remain elevated, which would cause cost pain in the value chain.
As a result, demand and profitability for cotton spinners and home textiles segment is expected to moderate in current fiscal, while demand outlook for man-made fiber and readymade garments (RMG) still remains healthy.
Over the medium to long term, India's export competitiveness for RMG should improve given schemes such as Production Linked Incentive (PLI) and integrated textile parks.
Given this backdrop, CRISIL is organising a webinar on the textiles sector titled, 'Stitching growth in times of cost pain', where our experts will delve into:
Demand outlook for cotton and polyester yarn, home textiles and RMG
Export competitiveness of Indian manufacturers of textiles
Assessment of the PLI scheme and its impact on exports of textiles
Segmental profitability trends and credit outlook
The presentation will be followed by a panel discussion with industry leaders and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
