Related Keywords: cotton yarn exports, cotton yarn industry, EBITDA margins
CARE Research looks ahead to EBITDA margins of cotton yarn industry improving in FY14. However, the industry’s net margins would be constrained by the rising interest cost (due to burgeoning debt) and depreciation (due to additional capacity addition) but would remain higher than the margins reported in FY13.
Yarn is mainly imported by the countries which are involved in making the finished product i.e. fabric. The key export destinations for India include China, Bangladesh, Hong Kong, Peru, Korea, Turkey and Europe.
