The overall growth has been pricing-led with material cost inflation eating into the company’s profitability. There has been a 24% jump in raw material costs and a 20% increase in other expenses over the same quarter a year earlier. The management, in the company’s earnings call, mentioned 2022 inflation being five times the past trend.
Textile stocks rally after US hikes tariffs on Bangladesh garments
Indian textile stocks saw a surge following the United States’ decision to impose tariffs on Bangladeshi garment imports. This move sparked optimism for Indian companies,
July 9, 2025