8-10% revenue growth for RMG makers in FY24: Crisil Ratings report

02 October 2023, Mumbai

Key takeaways:

Revenue growth to be driven by domestic demand and export revival

Lower cotton prices and easing supply chain issues to support growth

Volume growth estimated to be 6-8%, higher than last year

However:

Revenue growth rate to be lower than last year due to stabilized raw material prices and lower realizations

Overall, the Crisil Ratings report paints a positive outlook for the RMG sector in FY24, with revenue growth expected to be higher than the previous fiscal year.

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