Cotton yarn exports surge helps Indian spinners record healthy recovery: Check impressive numbers

Jan 15, 2019, 11:27 AM IST
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Despite multiple headwinds, the surge in cotton yarn exports helped domestic spinners record a healthy recovery during the second quarter of current fiscal, said an Icra report. Despite exports retreating to normal levels in the recent months in absolute terms, Icra expects the annual growth in India's cotton yarn exports to remain healthy, said Jayant Roy, Senior VP and group head, corporate sector ratings.

1/5

Yarn exports

Yarn exports

50% - surge in yarn exports in five months of current fiscal. (Reuters)

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2/5

Yarn export this fiscal

Yarn export this fiscal

34%- jump in cotton yarn exports in seven months of this fiscal. (Reuters)

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3/5

Improved aggregate

Improved aggregate

13.7% - improved aggregate operating margins of 13 spinning firms in Q2FY19. (Pixabay)

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4/5

Margins in Q1

Margins in Q1

12.2%- aggregate operating margins in Q1 of this fiscal. (Pixabay)

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5/5

Yarn exports to China

Yarn exports to China

90% - growth in cotton yarn exports to China in seven months of 2018-19. (Pixabay)

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