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This Article is From Mar 03, 2022

Faze Three - Niche Play On Home Textile Exports: ICICI Direct

Faze Three - Niche Play On Home Textile Exports: ICICI Direct

Faze Three - Niche Play On Home Textile Exports: ICICI Direct
Faze Three Ltd.'s intergrated polyster yarn unit. (Source: company website)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Through its differentiated product offerings and business model, Faze Three Ltd. stands apart from other home textile players. It manufactures and exports multiple home textile product categories (apart from bed sheets, towels that currently other listed players specialise in) with bathmats and rugs being the dominant category (~80% of revenues).

U.S., UK/Europe regions contribute ~90% of its overall revenues. Top 15 customers comprise very large retail chains such as Walmart and Target. Vertically integrated business model with in-house capability of design and development.

Faze Three's order book is mostly backed by customer commitments. It is currently operating at peak utilisation levels and has a healthy order book for the next two quarters.

Click on the attachment to read the full report:

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