Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Apparel Prices May Fall Only After February.


Date: 10-08-2011
Subject: Apparel Prices May Fall Only After February
Waiting for the price of the T-shirt you are eyeing to come down. It won’t be before February when the tag may come down, and that too a wee bit.

Despite prices of cotton and other fibres going in a free fall since April, apparel prices are unlikely to correct before February. And with the current excise duty on branded apparel, the relief, too, would be marginal.

Cotton prices have halved to `32,000 per candy since April when they were at a high of `62,000 while prices of other fibres such as viscose and polyester are also falling in tandem with cotton.

“The real benefit of reduction in cotton prices will not be evident in the end product before February 2012, it will reflect only in the range launched February 2012 onwards. The reason is that the fall in cotton prices has not translated into cheap fabric; we see this happening only in November-December. The fabric used at present has been procured at high prices,” said J Suresh, managing director- brand and retail, Arvind Ltd, which owns brands such as Excalibur Gant, Flying Machine and Arrow.

Amitabh Suri, chief operating officer, Indian Terrains, said the excise duty introduced in the last budget would prove a hindrance for any price cut in the end product. “Our company did not hike prices; in turn we took a hit on our profitability by absorbing the hike in cotton prices. We increased prices by around 10% due to the excise duty on branded apparels.” The government had imposed a 10% excise duty on readymade branded apparels in the last budget.

However, most expect this price cut in the end product to be marginal. “At an industry level, the price cut would be marginal as the value addition cost remains high,” said Ramesh Poddar, managing director, Siyaram Silk Mills, which owns brands like J Hampstead.

Apparel manufacturers, too, will have to wait for a couple of quarters more, before the cotton price correction eases margins.
“Margins for apparel companies continue to remain slightly under pressure due to a combination of excise duty and high cotton prices. We do not expect margins to improve before the fourth quarter of this fiscal. However, an improvement in March is also a welcome change, as we had budgeted on the basis that cotton prices will continue to remain high,” said J Suresh from Arvind Brands Ltd.

Source : dnaindia.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001