Textile Q1 results preview: Spinning cos to see positive margin trends on raw material tailwinds, says Elara | Mint
Q1 results preview: Q1FY25 (April-June) margins will be better for spinning companies, driven by improved demand and low-priced cotton inventory; margins for garment companies will remain under pressure; and margins for home textiles firms will improve due to raw material tailwinds, according to brokerage firm Elara Capital. Domestic demand remained modest during the period. Cotton