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
‘There is huge demand in the Indian lingerie market for non-wired styles.’
'In export markets, the trend in terms of embroidery, is towards matte...
Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli
‘The percentage share of printing in the global textile market is pretty...
Germany-based Forbo Movement Systems division is a global leader in...
Switzerland-based Uster Technologies AG is the leading high technology...
Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....
Directa Plus SpA
Directa Plus is one of the largest producers and suppliers worldwide of...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively
Functional Fabric Fair is a trade-exclusive event showcasing the latest...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
She has carved a niche for herself as the national brand of Turkey. Her...
Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...