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ā¢ The innerwear and athleisure wear market in India continues to struggle with weak demand and excess inventory, leading to unsustainable business practices.
ā¢ Page Industries, the country's biggest innerwear maker, saw an 8.4% decline in revenue and volume in the second quarter.
ā¢ Rivals Rupa and Lux Industries saw sales increase, but overall sluggish demand suggests a poor state of the economy.