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ā¢ ICRA expects four major home textile players to report a 7-8% increase in revenues for FY2024, with a recovery in demand and restocking by US retailers.
ā¢ The US remains the largest market for Indian home textile exports, with a 56% share in FY2023 and 58% share in 4M FY2024.
ā¢ The agency expects a 250-350 bps improvement in operating margins for home textile exporters in FY2024, with rationalization in raw material costs and benefits from a higher scale.