2025 marks a significant pivot in the apparel industry, the changes taking place are not incremental, but fundamental, writes Rahul Mehta, Chief Mentor, Clothing Manufacturers Association Of India (CMAI)
The report noted that festive season and goods and services tax (GST) rate cuts are expected to boost demand in the third quarter of the current financial year
Axis Direct says that rural consumption continues to outperform, aided by easing inflation, higher minimum support prices (MSPs) and increased government spending
Reports say that the demand for ornaments is expected to dip by up to 27 per cent from a year-ago in volume terms during the buying period
The report notes that consumers may push forward purchases until the tax cuts are implemented
The total income rose to Rs 1,475 crore in the first quarter of the current financial year from Rs 1,250 crore in Q1FY25
Going ahead, the company eyes protecting margins amidst a heightened competitive landscape across product categories
The company’s revenue from operations has surged to Rs 23,129.35 crore in the first quarter of the current fiscal year from Rs 19,350.08 crore in Q1FY25
Abhijit Roy says that while competitive intensity continues to rise, the industry remains on a strong growth trajectory
