>>
Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / Overall growth moved up in Q4 FY17: CMAI Apparel Index
Overall growth moved up in Q4 FY17: CMAI Apparel Index
31
May '17
After a slowdown in Q3 post-demonetisation business, Clothing Manufacturers Association of India’s (CMAl’s) Apparel lndex for January-March 2016-17 reveals that the Indian apparel industry is slowly and surely making a recovery. The Q4 Index shows overall growth has improved mildly with overall lndex Value moving up to 2.25, compared to 1.4 points in Q3.

Similar to last quarter, giant and large brands understood market sentiments and quickly, adapted, manoeuvred their growth and recorded 10.58 and 6.72 points Index Value, shows the Apparel Index which aims to set a benchmark for the entire domestic apparel industry and help brands in taking informed business decisions.

The Index shows that overall Index Value was most impacted by sales turnover than any other factor. Giant brands managed a good 10.58 points with fast clearance of goods that increased sales turnover to 8.00 points. Comparatively, large brands sales turnover grew 5.78 points. Small and mid brands sales turnover also grew at 0.31 and 1.60 points respectively.

“Giant and large brands seem to have connected with organised retail through MBOs, EBOs and large format stores and managed their business and sales turnover well. They may have taken the discounting route thereby stimulating sales to clear off inventory at store and company level. This is clearly reflected in increased sales turnover with not much increase in inventory holding,” says CMAI on the Apparel Index.

Big brands have well understood the strong correlation between sales turnover and inventory holding, while small and mid brands are more dependent on trade and with less control on retail, they are not in a position to push up sales. As Sanjay K Jain, managing director, T T Ltd explains, “Both are interlinked. We managed the same way partly with our aggressive push in the last three months and because of yarn price rise.”

Arguing on similar lines Vinod Kumar Gupta, managing director, Dollar Industries explains, “Increase in sales turnover roots in a decrease in inventory holding, as this is our, on the go season and there was huge demand. Due to this, our stocks sold out quickly. That’s how sales turnover increased and inventory holding reduced this season.”

However, for small and mid level brands improving sales turnover post demonetisation has been a challenge. Explaining the market situation Niyam, director, Blazo says, “We expected 10 to 25 per cent growth, had demonetisation not taken place. However, we managed a small increase in sales turnover at 1 to 5 per cent.” While Hemant Gogri, owner, John Noble says they saw a dip in sales turnover, “The decrease was due to cutting down production as demand had dipped post-demonetisation.” (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2022

Real US GDP rose at 6.9% annual rate in Q4 2021: BEA

Real US gross domestic product (GDP) increased at an annual rate of...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2022

Egypt’s garment exports rise by 41% to $2.49 bn in 2021 over 2020

The Egyptian apparel sector’s exports rose by 41 per cent in 2021 to...

Pic: Prasit Rodphan | Dreamstime.com

Textiles | On 28th Jan 2022

Cambodia-Vietnam trade volume touches $9.3 bn in 2021

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Phong Phu international JSC (PPJ)
MAS Active / MAS Kreeda / MAS Bodyline
Hela Clothing Pvt Ltd
Varner AS Retail
Aramark Uniform ;& Career Apparel, LLC
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Permoda(Koaj/Armi/Pronto/Bkul)
Green Fibre
THE BOMBAY DYEING ;& MFG.CO. LTD
Arvind Limited
Vianney Textil Hogar S.A. De C.V.
Asos
Lululemon Athletica Inc
Target Corporation (MN)
Alison Hayes Romania
Gokaldas Exports Limited
Desigual - ABASIC, S.A.
Tommy Hilfiger
Boardriders Asia Sourcing Limited
TESCO INTERNATIONAL SOURCING LIMITED
Rayonese Textile Inc., Division de Culp Inc.
International Textile Manufacturers Federation
Huntsman (Singapore) Pte Ltd
Groz-Beckert East Asia LLP
Tory Burch Hong Kong Ltd
Lifestyle
Decathlon
Alix Partners
Brandix Lanka Limited
KIABI
Sainsbury's Argos Asia Limited
Eastman Chemical Company
Benetton Group
OVS Hong Kong Sourcing Ltd.
Lenzing Aktiengesellschaft
KAS Direct Sourcing
Aquarelle Clothing Limited
Babyshop
SHAHI Exports Pvt Ltd
Sportmaster Ltd.
John Varvatos
Rosset ;& Cia Limited
Tchibo GmbH
Amazon China
NITI Aayog
Abit
T.T. Limited
Esprit Europe Services GmbH
Landmark Group
LC Waikiki
Page Industries Limited (Bangalore)
Calvin Klein
Sateri (Jiujiang) Fiber Co.,Ltd
Seasalt Limited
IKEA of Sweden AB
Gap International Sourcing Limited
Splash
Helly Hansen Far East Ltd
C;&A Sourcing International Ltd
The Top Form Brassiere Manufacturing Company Limited
Vardhman Textile Ltd
PVH Corporation
Guess Europe Sagl,
G-Star Raw C.V.
Hirdaramani International Export Private Limited
Under Armour Global Sourcing Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Etam Group Strategy Hong Kong Limited
Restoque S.A.
Chori Company Limited
J ;& P Coats
Reiter India Private Limited
Midas Clothing Limited
BIANCA
Maceton Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Bluestem Global Sourcing Limited
IDH – The Sustainable Trade Initiative
Puma
Lisa S.P.A.
Lacoste (Wanchai)
SYNERGIES HONG KONG LIMITED
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Walmart
Grasim Industries Limited
Chico’ FAS
Truetzschler India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
The LYCRA Company Singapore  Pte. Ltd
Gatsby Africa

January 2022

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


Advanced Search