CMAI Apparel Index: Q1 sees 2.77 points growth, giant brands perform best

CMAI’s Q1 Apparel Index for April-June FY 2017-18 gives a sense of positivity about business ahead. For Q1, the Index value is 2.77 which has moved up compared to previous quarter, Q4 (Jan-March FY 2016-17) when it was 2.25 points. Surely, the market has recovered after ‘demonitisation’. However, the industry had to go through teething problems with the implementation of GST from July 1st. And most players paused deliveries, as buyers were uncertain about post GST inventory implications. They focused more on clearing inventories before buying fresh goods.