Looking ahead, the company said it remains optimistic about opportunities in India’s underpenetrated value retail market.
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The move is expected to tighten import scrutiny and offer relief to domestic polyester yarn manufacturers, while raising concerns among downstream textile players over supply and input costs.
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Cumulative textile and apparel (T&A) exports declined 3.42% to US $2.88 billion in April 2026 compared to US$ 2.98 billion a year ago.
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Munish Avasthi, Chairman & Managing Director, stated that stronger operational efficiencies and higher yarn realisations helped support profitability during the quarter.
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The company also approved an investment of up to Rs. 50 lakh (US $52,000) in its wholly owned subsidiary, MCFL Energy Projects Private Limited, aimed at strengthening its solar energy initiatives
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The report highlights a major shift in the country’s creator economy, with regional influencers, vernacular content and short-form video emerging as the primary growth drivers.
