Indian hosiery makers to clock 10-12 pc revenue growth in FY25 ...Middle East

New Delhi:  The revenue of Indian hosiery makers is projected to increase 10-12 per cent (year-on-year) this fiscal following a revival in rural demand, volume support from the export market and robust modern trade sales, a report showed on Thursday. The industry’s operating margin is expected to improve 150-200 basis points (bps) this fiscal, owing to softer input prices and improved capacity utilisation, aided by higher volume growth, according to a CRISIL Ratings analysis of 30 hosiery makers, accounting for a third of the industry by revenue. “The revenue growth of 10-12 per cent will ride on a higher contribution of rural sales, which account for almost half the domestic revenue. Incre

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