I attended the AGM & following are the updates from the same:
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Textile players are still facing the heat of Inventory destocking by the large Retailers.
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This year too will be subdued or most probably flattish in terms of growth.
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New products are getting well accepted by the customers & should contribute to the growth.
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Next year onwards they should do min 15-20% growth.
There was nothing to excite the investors & the wait keeps getting longer & longer for the global home textile demand.
Disclosure : Invested
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