RSWM Ltd

- There are no major new projects currently in the pipeline; expansion plans have been deferred for some time. - Only modernization CapEx will be pursued on a case-to-case or plant-to-plant basis. - The company will be selective and take necessary steps at the right time and value to aid long-term growth. - Focus remains on improving financial stability and expanding the product range through efficient methods. - No significant large-scale capital investments planned for FY24 besides selective modernization or upgrade projects.

- Textile sector expected to grow exponentially in the second half of FY24, driven by changing consumer preferences, government initiatives, technological advancements, and global trends. - Increased export opportunities due to Make in India and Atmanirbhar Bharat initiatives, along with benefits from recent FTAs like with the UK. - Focus on value-added and sustainable products (e.g., cotton, linen, recycled polyester) to drive growth. - Export order booking for Q4 FY24 expected to be good; Q3 remains similar to Q2 levels. - Knits segment running at 85% capacity with strong order inflows from brands like Benetton, Puma, Adidas. - Utilization at optimum level, with yarn and denim plants at 100%. - Capacity expansions cautious and selective, with modernization CAPEX only as required. - Overall sales growth anticipated, with sequentially better performance expected in H2 FY24 compared to H1.

- Management expects exponential growth in the textile sector in the second half of FY24, driven by changing consumer preferences, government initiatives, technological advancements, and global trends. - Export order booking for Q4FY24 is anticipated to be good, while Q3FY24 is expected to be similar to Q2FY24. - Domestic and international markets are showing signs of recovery with better dispatches expected in November and December due to festive and winter seasons. - EBITDA margins in the export segment are currently under pressure but might improve with better order booking in coming quarters. - The company continues to focus on value-added products and sustainable textiles, aiming for good growth in H2FY24. - Capacity utilization is high (85%-100%) across segments; however, pricing pressures limit margin improvement. - Long-term outlook remains intact with high growth visibility despite current headwinds. - Management remains cautious on CapEx, focusing only on selective modernization projects.

- Export order booking for Q4 FY24 is expected to be good. - Export order booking for Q3 FY24 is expected to remain more or less the same as Q2 FY24. - Domestic market shows strong demand with strict delivery schedules from Indian brands. - Orders from international brands are gradually increasing as inventory levels normalize. - Regular monthly orders received from Benetton (25-30 metric tons). - Significant order of 10 metric tons received from Puma, Adidas nomination is in process. - October month order/demand was not very good but November and December are expected to see improvement due to festive and winter seasons. - Plant utilization is at optimum/full capacity, indicating stable production levels. - Business is B2B; however, sluggish demand is impacting value addition and margin improvement.

- No new projects or capacity expansions are currently planned, except for some selective modernization CapEx on a case-to-case basis. - The company has deferred new initiatives and will be selective about expansion, focusing on value and timing that support long-term benefits. - The net debt is around Rs 600 crore with a cost of borrowing around 7% after government incentives. - No mention of any immediate new fundraising through either debt or equity in the current quarter or near future. - The company aims to strengthen financial stability but is cautious about raising new funds, indicating no fresh debt/equity raise planned imminently.