CMAI Q3 Apparel Index: High inventory impacts small brand’s profit

The CMAI’s Apparel Index for the third quarter from October to December 2014, once again revealed the low sentiment among Small Brands, those with turnovers of Rs 10 to 25 crores. They witnessed practically no growth at 0.55 points due to high inventory pile up. On the other hand, Giant Brands, with a turnover of above Rs 300 crores, topped the Index growth at 10.29, followed by Large Brands at 9.28 having turnover of Rs 100-300 crores and Big Brands, brands with turnover of above Rs 25 crores were at 8.02 points.