CRISIL news and archive

Organised retail’s share to touch 10 per cent by 2020: Crisil

The impact of relaxation in FDI rules in single-brand retail would be more pronounced in the apparel, luxury goods, home decor, footwear, and electronics segments, says Crisil. And with the government allowing 100 per cent foreign direct investment (FDI) in single-brand retail under the automatic route, the share of organised retail in India is...

Retail

Physical retail witnessed 24 percent growth in last five years

A recent study by Crisil says the organised brick and mortar retail segment in India has grown at a compounded annual rate of 24 percent in the past five years to Rs 70,000 crores. Crisil analysed financials of 24 large retailers to reach the conclusion. However, it may be recalled that ASSOCHAM too had said that while ecommerce is witnessing a...

Apparel

Crisil assigns valuation grade of 5/5 to Nandan Denim

The domestic denim fabric industry is currently facing an oversupply situation. This isexpected to impact the utilisation rates of denim fabric manufacturers, including Nandan Denim (NDL), which could have an adverse impact on its margins. However, in FY14 NDL was able to expand its margins despite the oversupply. Crisil has used the discounted...

Apparel

Crisil assigns valuation grade of 1/5 to Kewal Kiran

Crisil Research, in its report on Kewal Kiran Clothing has increased its fair value estimate to Rs 1,004 from Rs 915 for the company, with the valuation grade of 1/5. Kewal Kiran Clothing's fourth quarter revenues and earnings were marginally above Crisil Research's estimates. Revenues grew 15.6 percent year-on-year to Rs 892 million driven by...

Apparel

E-tailing to reach Rs 50,000 cr in three years

As per a study by Crisil, online retailing, both direct and through marketplaces such as eBay, will triple to become a Rs 50,000-crores by 2016, growing at a whopping 50-55 percent per year over the next three years. The estimates are over 30 times the size compared to the end of 2007-08. The segment has been growing with revenues surging from...

Fashion

Branded apparel market on growth track, says Crisil

Though the Indian organized apparel retail continues to grapple with the slowdown and inflation, a research by Crisil, indicates a steady rise in income levels and greater penetration of organised retail. The branded apparel market in India is expected to witness a positive growth over the next few years. According to the study, total apparel...

Apparel

Rupees’ downfall helps garment makers

The sharp fall of the rupee over the past few months is expected to help the Indian textile companies since most of them have increased exports. Cotton textile exporters would get more value for every dollar-denominated sale unit made in the global markets. Readymade garment exporters will benefit, given that the export volumes are also on the...

Apparel

No multi-brand FDI investment likely in next 2-3 years: Crisil

Foreign supermarkets or multi-brand retailers are unlikely to make significant investments in India in the next 2-3 years, mainly because of the government’s restrictive policy for such investments, rating agency Crisil has said in a note released recently. The government on June 6 issued clarifications pertaining to mandatory investments and...

Apparel

Crisel upgrades Kewal Kiran's value to Rs 690

Crisel Research has come out with its report on Kewal Kiran Clothing. The research firm has raised its earnings estimates to factor in the removal of excise duty on branded garments and increased fair value estimate from Rs 628 to Rs 690. Kewal Kiran Clothing's (Kewal Kiran's) Q4 FY'13 revenues were in line while earnings beat Crisel Research's...

Apparel

Crisil assigns a fundamental grade to 3/5 to Alok Industries

Research firm Crisil has assigned a fundamental grade of 3/5 to Alok Industries in a recent report. Alok Industries, an integrated textile company and in the last five years, it recorded a growth rate of 35 per cent. It is one of the largest manufacturers of processed fabrics in India, and the grade assigned to the company is based on the...

Apparel

Kewal Kiran strong on CRISIL’s expectations

Research firm CRISIL has graded and maintained its fundamental grading of 4/5 Kewal Kiran Clothing in its latest report. Profit margins and revenues of Kewal Kiran Clothings after the fourth quarter 2012 that ended on May 11, 2012 were similar to expectations of CRISIL. In accordance to the growth in apparel volumes, Kewal Kiran’s revenues...

Apparel

Readymade garment exports to tide over uncertainty

The readymade garment export industry is well-equipped to tide over the uncertain business environment, according to a study by Crisil. The study rated 181 players which account for a fifth of India’s readymade garment exports by value. The players rated by Crisil include Laguna Clothing, AI Enterprises, K Mohan and Co and Kaitex, across major...