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Textile Index grows marginally for Q1 FY20

23
Sep '19
Pic: Wazir Advisors
Pic: Wazir Advisors
The Wazir Textile Index (WTI) encompasses the highlights of the cumulative financial performance of the top Indian textile companies with respect to the market performance of the Indian textile sector for Q1 FY20.

By Wazir Advisors

WTI Sales was calculated to be 130.9 during Q1 FY20 (Base year FY16=100), which increased by 4% as compared to Q1 FY19. The WTI Cost for raw material (RM), employee and other expenses were 145.6, 148.1 & 120.1, respectively, in Q1 FY20. The WTI EBITDA was calculated to be 96.6 in Q1 FY 20, showing a notable growth of 8% from the value of 89.8 in Q1 FY19.

The consolidated sales of the selected top 10 companies was ₹10,107 crore in Q1 FY20 as compared to ₹9,694 crore in Q1 FY19, growing by 4 per cent y-o-y. As compared to Q1 FY19, average EBITDA margin increased marginally by 0.4 percentage points in Q1 FY20. Average RM cost decreased slightly by 0.3 percentage points, while the average employee cost increased by 0.3 percentage points in Q1 FY20 as compared to the same period during the previous financial year.

India’s GDP growth slackens in Q1 FY20

India’s Gross Domestic Product (GDP) was ₹35.85 lakh crore in Q1 FY20, as against ₹34.14 lakh crore in Q1 FY19, witnessing a growth of only 5 per cent.

Average Index of Industrial Production (IIP) for apparel increased significantly by 13 per cent in Q1 FY20 as compared to Q1 FY19, while that of textiles showed a marginal increase of 1 per cent. In Q1 FY20, the Wholesale Price Index (WPI) for textiles and apparel registered an increase of 4 per cent and 1 per cent, respectively.

Click here to read the full report

Fibre2Fashion News Desk – India


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