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Expect market to revive back & to be on track by end of December: Sutlej Textiles

In an interview to CNBC-TV18, Bipeen Valame, CFO & Wholetime Director at Sutlej Textiles & Industry spoke about the results and his outlook for the company.

October 26, 2017 / 02:06 PM IST

In an interview to CNBC-TV18, Bipeen Valame, CFO & Wholetime Director at Sutlej Textiles & Industry spoke about the results and his outlook for the company.

Sutlej Textiles is the largest manufacturer of dyed yarn in India and operates in the B2B segment.

Rupee has strengthened by 5-6 percent in the last nine months and it is a very competitive industry, it impacts the realisation on the export side, he said.

The company continue to do good export in forex market but margins were under pressure, which is reflected in the results, he added.

After goods and services tax (GST), the overall impact on the demand side was very significant which essentially was expected but the impact in textile segment is higher on account of unorganised markets, said Valame.

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Market should revive back and they should be on track by end of December and Q1 of next year, he further mentioned.

For full interview, watch accompanying video...
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