Apparel Online India Magazine November 1st Issue 2018 | Seite 20

LEAD STORY
Analysing AO TOP 100: FY 2017-18
THOUGH TOPLINES INCREASE BY 11.8%,
PROFITABILITY TAKES A BIG HIT – COLLECTIVE
TURNOVER IS RS. 34,699 CRORE
The last two years have been very difficult for the industry and despite our best efforts, getting the
industry to share information on its turnover and growth plans has not been an easy task at all. However,
52 companies did share their data, and we salute their spirit as they understand the importance of
putting together the Top 100 listing. Another 18 are public limited companies and collecting their data
was not so challenging…what was challenging was analysing the facts gained from market sources
and coming up with an approximate figure for the rest. There will be discrepancies for sure, but the
intention is not so much to talk about individual achievements, but to highlight the way industry is
moving at the top.
O
f course, many will argue that
if the big guys are doing well, it
does not equate to the whole industry
doing well…. in fact official data
claims that in FY 2017-18, exports
declined by 4% to US $ 16.7 billion.
These facts are reality, but we must
remember that only 100 among the
best companies with a turnover
exceeding Rs. 40 crore are on our
list, and it is because of their growth
that India could end the financial year
with just 4% decline inspite of being
marred by major liquidity crunch due
to implementation of GST and the
effects of demonetisation.
If these growth propellers had not
continued to grow their toplines,
garment exports from the country as a
whole would not have grown with just
4% decline. Talking to these export
leaders, it is obvious that though their
toplines grew, their profitability took
a big hit. Just saying that there was
overall growth is only an eyewash and
the real situation is indeed worrying
and as per latest data, the downturn
in overall exports continues and in
this year, even some top players have
stopped working on their toplines.
Although the next six months will
clear the position, Team AOI analyses
the data collected for the Top 100
companies in our annual list.
Toplines grow for most
companies… major
findings
As per estimates, these 100 companies
in FY 2016-17 (FY’17) registered a
total turnover of Rs. 31,036.24 crore,
and the same set of companies saw
11.8% growth in the turnover of FY
2017-18 (FY’18) to register a total
turnover of Rs. 34,699 crore.
There are 16 companies with
turnovers exceeding Rs. 500 crore,
registering a combined turnover of Rs.
21,569 crore in FY’ 18. These same set
of companies registered a turnover
of Rs. 18,903 crore in FY’ 17, hence
leading to a collective growth of 14%
as far as turnover is concerned.
In the segment of Rs. 200 core to Rs.
500 crore, there are 22 companies with
a combined turnover of Rs. 6,690 crore
in FY’ 18. The number of companies
in this bracket were 17 in the last
financial year with a collective turnover
of Rs. 5,117 crore. This indicates that
five companies have moved into this
segment in the last financial year.
30 companies fall in the turnover
bracket of Rs. 100-200 crore in FY’ 18
with combined turnover of Rs. 4,364
crore, whereas in FY’ 17, there were
34 companies in this bracket with a
collective turnover of Rs. 4,956 crore.
20 Apparel Online India |NOVEMBER 1-15, 2018 | www.apparelresources.com
Companies that should
have been on the list …
Apart from the specified list of 100 exporters,
there are many other export houses in India which
are doing good or are having capabilities to do
volume orders as they have good capacities,
but we were unable to get credible information
regarding them. These include names like Brandix
India, Best Corporation, First Step Baby Wear,
Ambattur Clothing, Scotts Garments, Gaurav
International, Richa & CO., Chintoo Creation,
Concept Clothing, AKR Textiles, Cotton Blossom,
Karle International, Rolex Hosiery, Boutique
International, Poppys Knitwear, The Cotton And
Textile Corporation, Birdy Exports, Magnolia
Martinique Clothing, Opera Global, Chelsea Mills,
Sabs Exports, Siddarth Organisation, Fashion
Flare International, KG Exports India, Arashu
Clothing Company, Balu Exports, Esstee Exports,
Icewear Creation, Fibres & Fabrics International/
Jeans Knit, Sri Lakshmi Apparels/ CR Garments,
Ajay Knitwears, Centex exports, Royal Classic
Mills, TNR International, Goodwill Fabrics, Precise
Seamless, Permeshwar Creations, Saraf Textile,
CottonWorld and Sree Santhosh Garments.