Summary:

A CRISIL Ratings research of 30 hosiery manufacturers predicts a 10-12% revenue increase for Indian hosiery manufacturers this fiscal year. This growth is driven by increased rural demand, export market volume support, and strong modern trade sales. Despite a 1-2% decrease in sales realization due to price cuts, volume growth is expected to offset the decline, with operating margins rising by 150-200 basis points.

CRISIL Ratings expects strong growth in the hosiery sector, fueled by rural sales, which account for over half of domestic revenue. Higher agricultural yields, increased minimum support prices, and government spending on rural infrastructure will help boost rural demand. Export growth to the Middle East and North Africa, along with modern urban trade, will drive both volume and profit growth.

Source: IBEF 

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