These factors have driven a sharp surge in demand for home improvement products over the past one year, and the demand momentum is expected to sustain during Q2-Q4 FY2022, continuing on the trend of the past three quarters. ICRA’s sample set of companies (comprising four large, listed players, accounting for ~35-40% share in India’s home textile exports) are projected to clock a robust double-digit growth of ~20-25% in FY2022. This follows a subdued 5% growth in revenues reported by the sample in FY2021, primarily due to ~40% Y-o-Y dent in performance in Q1 FY2021; the sample grew by~25% Y-o-Y during the rest of the year. It is noted that the sample had reported ~18% Y-o-Y decline in operating income in Q4 FY2020 as well, as the pandemic had started affecting the key countries of export. However, even after adjusting the base for the same, Indian home textile exporters are estimated to have reported a healthy growth of ~15-20% in the nine-month period ended March 2021.
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Bullish growth prospects for Indian home textile exporters: ICRA
Riding high on pandemic-induced lifestyle changes stemming from heightened consciousness about hygiene and increased prevalence of stay-at-home options, Indian home textile exporters are set to register robust performance during FY2022.
Focus on Modernisation, Capacity Expansion and Value added products
Sutlej: Leadership through Transformation
Green fibre project to enhance global competitiveness
GANESHA ECOSPHERE expanding Recycled Polyester Staple Fibre capacity
The world is awakening to the pressing need to save the Mother Earth from drowning into the plastic pollution. People and countries across the globe are looking at alternatives to reduce the impact on the environment, and become more sustainable and greener.
WEAVERS IN POLE POSITION 2FAST accelerates performance with speed, quality and versatility
Speed by name and speed in performance…the brand new 2FAST rapier weaving machine from SMIT is built for ultimate productivity. Its compact design combines maximum output rates with quality and versatility. Made in Italy, it echoes the country’s traditions of speed in motorsports, with competitive performance that is also environmentally kind.
TWINE SOLUTIONS Spearheading a revolution
A technology start-up that has developed a proprietary and revolutionary digital on-demand thread dyeing system and a digital dye-to-match colour application, Twine Solutions now has a partner in India to explore the growing textile industry even as it continues to develop new products and solutions for its global outreach strategy
KUSTERS CALICO completes 25 years of Indian operations
Creates new benchmarks in the processing and finishing technology
Quality, efficiency and good service - this is what makes BRÜCKNER successful in Turkey
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NESTLING TECHNOLOGIES' i-Spin, a game changer in the spindle monitoring segment
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Trützschler establishes the Trützschler Foundation
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Nvidia RTX 4070 Ti Incoming
WHEN NVIDIA OFFICIALLY announced its Ada Lovelace architecture, it revealed plans for three graphics cards: RTX 4090 as the king of the hill at $1,599; RTX 4080 16GB as the step-down prince for $1,199; and the RTX 4080 12GB at $899. To say people weren’t pleased with the pricing and specs would be an understatement. Nvidia “unlaunched” the 4080 12GB, stating that “having two GPUs with the 4080 designation is confusing.”
RAPTOR LAKE GETS A REFRESH
Intel to get one iteration in before Meteor Lake
GIGABYTE EMBRACES ARC
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LG'S CURVED BEAUTY
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THE RETURN OF V-CACHE
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Samsung Odyssey Neo G8
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WHAT'S IN THE BOX?
Within the recently-released AMD 7000 series lineup sits the often overlooked yet understated Ryzen 7 7700X. Our Zen 4 captain of choice for our RTX 4080 gaming monster comes with eight threads and a total of 16 cores for reliable, effortless performance.
Save anything to a USB STICK
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CHOOSE YOUR VR ADVENTURE
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