Home / Knowledge / News / Apparel/Garments / Apparel brands to hike prices by 10-15 percent
Apparel brands to hike prices by 10-15 percent
Jun '11
For consumers in India, buying clothing after July would mean forking out an additional 30-35 percent, than those prevailing at the same time last year.

Despite a correction in cotton prices, a few apparel brands are expected to hike their prices by a further 10-15 percent around July.

Just a few months back, when raw cotton prices had touched historical highs of Rs 63,000 per candy (1 candy = 356 kg), many of the garment brands had hiked prices by 30-35 percent.

“A few brands have already hiked their prices by between 15-30 percent, while others had increased them marginally, so the second category may increase prices between 5-15 percent”, Mr Harminder Sahni, MD - Wazir Advisors told fibre2fashion.

Dwelling on the factors, he said, “Retail brands have been under severe pressure on the raw material side as well as all other cost affecting factors. First is the raw material itself. Cotton and polyester prices have risen a lot and even though they have come down a little in the last few days, they are still very high.

“Second is the cost of production. Labour cost has become extremely high and labour availability is also a major issue, so all suppliers are increasing their price of manufacture. The third is the 10 percent excise duty which was announced in the February budget.

“Then comes the retailing cost which is the rentals as well as the overall marketing cost, which are also escalating. So the combination of all these factors, has forced retailers to increase the consumer prices”, he explained by saying.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search