8-10% revenue growth for RMG makers in FY24: Crisil Ratings report
02 October 2023, Mumbai
Key takeaways:
Revenue growth to be driven by domestic demand and export revival
Lower cotton prices and easing supply chain issues to support growth
Volume growth estimated to be 6-8%, higher than last year
However:
Revenue growth rate to be lower than last year due to stabilized raw material prices and lower realizations
Overall, the Crisil Ratings report paints a positive outlook for the RMG sector in FY24, with revenue growth expected to be higher than the previous fiscal year.
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