The number of companies in this bracket were 17 in the last financial year with a collective turnover of Rs. 500 crore, there are 22 companies with a combined turnover of Rs. 18,903 crore in FY’ 17, hence leading to a collective growth of 14% as far as turnover is concerned. These same set of companies registered a turnover of Rs. 500 crore, registering a combined turnover of Rs. There are 16 companies with turnovers exceeding Rs. 31,036.24 crore, and the same set of companies saw 11.8% growth in the turnover of FY 2017-18 (FY’18) to register a total turnover of Rs. Toplines grow for most companies… major findingsĪs per estimates, these 100 companies in FY 2016-17 (FY’17) registered a total turnover of Rs. Although the next six months will clear the position, Team Apparel Resources analyses the data collected for the Top 100 companies in our annual list Just saying that there was overall growth is only an eyewash and the real situation is indeed worrying and as per latest data, the downturn in overall exports continues and in this year, even some top players have stopped working on their toplines. Talking to these export leaders, it is obvious that though their toplines grew, their profitability took a big hit. If these growth propellers had not continued to grow their toplines, garment exports from the country as a whole would not have grown with just 4% decline. 40 crore are on our list, and it is because of their growth that India could end the financial year with just 4% decline inspite of being marred by major liquidity crunch due to implementation of GST and the effects of demonetisation. These facts are reality, but we must remember that only 100 among the best companies with a turnover exceeding Rs. in fact official data claims that in FY 2017-18, exports declined by 4% to US $ 16.7 billion. Of course, many will argue that if the big guys are doing well, it does not equate to the whole industry doing well…. There will be discrepancies for sure, but the intention is not so much to talk about individual achievements, but to highlight the way industry is moving at the top. Another 18 are public limited companies and collecting their data was not so challenging…what was challenging was analysing the facts gained from market sources and coming up with an approximate figure for the rest. However, 52 companies did share their data, and we salute their spirit as they understand the importance of putting together the Top 100 listing. The last two years have been very difficult for the industry and despite our best efforts, getting the industry to share information on its turnover and growth plans has not been an easy task at all. Though toplines increase by 11.8%, profitability takes a big hit – collective turnover is Rs.
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