Indian hosiery makers see revenue rise due to rural demand, exports, and improved efficiency.
Indian hosiery makers are expected to see a 10-12% revenue increase this fiscal year, driven by higher rural demand, export growth, and strong modern trade sales. Operating margins are forecast to improve by 150-200 basis points due to lower costs and better capacity use. Growth is bolstered by increased agricultural yields, higher government spending in rural areas, and export gains to the Middle East and North Africa.
4 months ago
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