India’s readymade garments industry is expected to see moderate revenue growth of 4-6 per cent this fiscal, compared to 6 per cent last FY24, due to sluggish domestic demand and inventory buildup.
Export revenue is predicted to rise 5-7 per cent.
Operating margins are expected to remain stable at 11.0-11.5 per cent, with credit profiles supported by modest capex and steady working capital cycles.