Indian Home Textile Industry - Weaving Success – Expected To Grow By 8-10% In FY25: CareEdge

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CareEdge Research Report

• The global home textile industry, valued at $122 billion in CY2023, is envisaged to reach $134 billion by the end of CY2024, and thereafter expected to grow at a CAGR of 5-5.5% to around $185 billion by 2030. China leads in home textile exports, followed by India and Turkey, with the USA being the largest importer for home textile products. 
   

• The Indian Home Textile industry's revenue (considering six listed Indian home textile companies which hold nearly 65% of domestic market share) is envisaged to grow by approximately 8 to 10% in FY25 while operating margins (PBILDT) are expected to remain in the range of 14-15%. Growth drivers such as rising per capita income, rapid urbanization, and an expanding real estate sector, along with heightened awareness of hygiene and shifting consumer preferences, are expected to contribute to revenue growth in FY25. Following the setbacks of FY23, the industry is now on a recovery path as seen in FY24. 
   

• Given the healthy performance of the major home textile players and their plans for capacity expansion, the credit profile of Indian home textile companies is expected to remain robust, supported by strong balance sheets.

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