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ICRA expects Indian garment industry’s revenues to grow 12-14% in FY25
ICRA expects the Indian garment industry’s revenues to grow by 12-14 per cent in FY25 and by 9-11 per cent in FY26, with increasing volumes and realisations, excluding the impact of inorganic acquisitions by certain firms. The benefits from the China Plus One vendor strategy and improvements on the back of inventory liquidation at importers' end will support the growth.
ICRA expects the Indian garment industry’s revenues to grow by 12-14 per cent in FY25 and by 9-11 per cent in FY26, with increasing volumes and realisations, excluding the impact of inorganic acquisitions by certain firms.
The benefits from the China Plus One vendor strategy and improvements on the back of inventory liquidation at importers' end will support the growth.
