Premco Global Nano Nivesh Research Report By ICICI-Direct

Premco Global is a technical textile unit manufacturing woven & knitted narrow elastic fabric, which finds application in innerwear. On account of increasing consumer brand & quality consciousness and Premco’s ability to move up the value chain, the company’s prospects look robust. Premco is a supplier to brands like Rupa, Lux in the domestic market and Hanes (US) & Jockey (US) in the international market. On the back of impressive expansion in Vietnam, we expect sales & PAT to grow at a CAGR of 19.0% & 16.3%, respectively, in FY16-19E