How much drop has happened in case of silk exports from India?
The Silk Board says the silks exports are down by 40 per cent. Based on our experience, I will say it might have dropped in the range of 35 to 45 per cent at the moment. Six months ago, the exports were down by about 20 per cent. The market for silk furnishing which is my focus area is not very large revenue wise. Despite being the largest player in this segment, we might be doing a business of about Rs 160-170 crore per annum. But this is a low volume but high margin business, if you can take it. But not every manufacturer can manage to get 30-35 per cent EBITDA like us as we are completely designed-led and selling to very famous brands. Q: What is your market share in this segment? In this high-end silk furnishing, our market share may be about 15-18 per cent. This segment is very unorganised as there are many smaller players who are not listed companies. Q: Given the context of lower capacity utilisation and idle assets, is there any plan to spin off some business and take private e
