Fashion
Acreage compression to cap India’s cotton output in CYi 2026: ICRA
However, despite a reduction in acreage, cotton yield continues to rise, improving by 1.8 per cent year on year (YoY) in Indian cotton year (CYi) 2026.
Despite leading the world in acreage, the cotton sown area in India has been steadily declining, with levels being 20 per cent lower than the peak acreage levels of 2021, ICRA said.
Despite a reduction in acreage, cotton yield continues to rise, growing by 1.8 per cent YoY in Indian cotton year 2026.
India’s cotton output is likely to dip by 1.7 per cent YoY in CYi 2026, first advance estimates show.
The Indian CY runs from October to September, distinct from the global CY, whose duration is from August to July.
Following a 9-per cent YoY contraction in CYi2025, the acreage is seen reducing by around 3 per cent YoY in CYi 2026 due to several factors like water shortage issues in the northern region, uneven monsoons and a shift towards more profitable alternative crops in many regions.
However, cotton output is likely to dip by 1.7 per cent YoY to 29.2 million bales in CYi 2026, according to the first advance estimates released by the department of agriculture and farmers welfare, taking the output to its lowest levels in the last ten years, ICRA said in a note.
Domestic consumption, on the other hand, is expected to remain flat. While domestic demand is stable, the effects of US tariffs on Indian apparel exports on the downstream sectors is likely to affect overall consumption.
Amidst lower cotton output, the dependence on cotton imports has been rising—up by 85 per cent on a YoY basis to 1.5 million bales of 170 kg in the first five months of fiscal 2025-26 (FY26). Imports now meet over 10 per cent of demand.
Owing to weak demand and import duty waiver, cotton prices have been trading marginally below the minimum support price (MSP) since November 2024. MSP on cotton increased by 8 per cent for CYi 2026. Accordingly, the gap has widened further in recent months.
Despite the lower output, the subdued cotton yarn demand (domestic plus exports) is likely to keep the cotton price low in the next few months in India, ICRA noted.
Following a flat trend in the first half (H1) of FY26, domestic cotton fibre prices fell by 3 per cent month on month (MoM) in November 2025. Against this, average cotton yarn prices fell by 4 per cent.
ICRA anticipates a stabilisation of contribution levels at ₹98-100 per kg for FY26 due to moderation in realisation expected in H2 FY26.
ICRA’s sample set of 13 companies, which accounts for 25-30 per cent of the Indian industry’s revenue, is expected to report a 4-6 per cent decline in revenues on a YoY basis in FY26.
Additionally, margins of spinners are expected to contract by 50-100 basis points in FY26, primarily due to weaker performance expected in the second half.
Fibre2Fashion News Desk (DS)
Manufacturing and processing led the expansion, rising by 10.5 per cent and contributing 8.4 percentage points to overall growth.
Vietnam’s industrial production rose by 9.2 per cent last year, accelerating from an 8.2-per cent YoY rise in 2024 and marking the strongest performance since 2019.
Manufacturing and processing led the expansion, rising by 10.5 per cent and contributing 8.4 percentage points to overall growth.
December saw a 10.1-per cent YoY growth in industrial output, driven by a 11.9-per cent rise in manufacturing.
Power generation and distribution increased by 6.7 per cent, adding 0.6 percentage points.
In the fourth quarter (Q4) of 2025, industrial output grew by 9.9 per cent year on year, with manufacturing up by 10.8 per cent.
December alone saw a 10.1-per cent YoY growth in industrial output, driven by a 11.9-per cent rise in manufacturing.
Natural gas output fell by 5.6 per cent YoY last year. All 34 provinces and cities recorded industrial growth during the year.
Industrial employment increased by 2.4 per cent YoY as of December 1, with companies adding 0.8 per cent more workers compared to November.
Manufacturing consumption index rose by 9.9 per cent for the entire year, easing from 11.4-per cent growth in 2024.
Fibre2Fashion News Desk (DS)
Published
January 7, 2026
Coty has faced major challenges in its global operations and Coty UK&I’s latest accounts filing shows that its British and Irish business wasn’t immune to that, although it remains a key beauty operator.
The accounts cover the 12 months to the end of June 2025 with turnover falling to £326.3 million from £335.3 million. The gross profit margin dropped to 40.9% from 41.4% and operating profit was down to £7.6 million from £8.6 million while the operating profit margin narrowed to 2.3% from 2.6%.
But there was better news on profit before tax as it jumped to £9 million from a loss of £53.4 million the year before. Net profit also moved in the right direction, reaching £7.1 million after the £56.8 million loss in the previous year.
Not that this tells the whole story. In the previous year the owner of key brands such as Rimmel London and Cover Girl had swung from a pre-tax profit of £9.9 million to a loss of £53.4 million. But the accounts statement listed a £134.7 million one-off impairment charge for the year. Without that it had seen an increase in both turnover and operating profit.
That wasn’t the case this time on the turnover front as the company said the business “experienced a slowdown in retail demand in the consumer beauty business leading to a 2.7% reduction” in turnover.
And of course, the absence of any impact impairment charges is what was behind the big difference in the profit figure, showing that the business does remain very profitable. The directors also said that they consider the reduced 2.3% operating margin to be “acceptable”.
During the year, Coty maintained its media investment across both consumer beauty and prestige brands, focusing on major celebrations to drive sales. Additionally it invested in enhancing online platforms to further promote sales and strength and digital engagement.
It will be interesting to see what the 2025/26 results show this time next year. As mentioned, the global parent company has been facing challenges and this has led to it reviewing its overall strategy.
Back in September it said that it had launched a strategic review of its consumer beauty business that could lead to the sale of some brands as it plans to focus on its more profitable fragrances unit.
Copyright © 2026 FashionNetwork.com All rights reserved.
In December 2025, total trade turnover amounted to $88.72 billion, rising by 15.1 per cent month on month and 25.7 per cent YoY.
Vietnam’s total trade turnover last year reached a record high of $930.05 billion—up by 18.2 per cent YoY, with a trade surplus of $20.03 billion.
In December 2025, total trade turnover amounted to $88.72 billion, rising by 15.1 per cent month on month and 25.7 per cent YoY.
Exports generated $475.04 billion last year—up by 17 per cent YoY, while imports were worth $455.01 billion—up by 19.4 per cent YoY.
Of the total trade figure last year, exports generated $475.04 billion—up by 17 per cent YoY, while imports were worth $455.01 billion—up by 19.4 per cent YoY, domestic media outlets reported.
The foreign-invested sector recorded export growth of 26.1 per cent YoY, reaching $367.09 billion and accounting for 77.3 per cent of total exports last year. By contrast, the domestic sector saw a decline of 6.1 per cent YoY to $107.95 billion.
In December, exports rose by 23.8 per cent YoY, driven by a 38.4 per cent increase in shipments from foreign-invested enterprises.
Foreign-invested enterprises increased imports last year by 31.9 per cent YoY. Production inputs accounted for 93.6 per cent of total imports, reflecting strong manufacturing activity.
Consumer goods represented only 6.4 per cent of total imports.
The United States remained Vietnam’s largest export market last year, with shipments hitting $153.2 billion, generating a trade surplus of $133.9 billion—up by 28.2 per cent YoY.
China continued to be Vietnam’s largest import source, with imports totaling $186 billion, resulting in a trade deficit of $115.6 billion—up by 39.6 per cent YoY.
Vietnam also recorded a trade surplus of $38.6 billion with the European Union; a surplus of $2.1 billion with Japan; a deficit of $31.6 billion with South Korea and a deficit of $14.2 billion with the Association of Southeast Asian Nations (ASEAN).
Fibre2Fashion News Desk (DS)
What’s Going on With Smart Rings?
Darren Fletcher can make Premier League history with sons in Man United squad
Prince Harry embarks on secret mission in feud with William
-
Entertainment1 week agoGeorge Clooney, his wife Amal and their twins granted French citizenship
-
Sports1 week agoMorocco reach AFCON last 16 | The Express Tribune
-
Business1 week agoA major drop in the prices of petroleum products is likely with the arrival of the New Year. – SUCH TV
-
Entertainment1 week agoBeyoncé is now a billionaire, according to Forbes
-
Fashion1 week agoUK year-end review 2025: Seeking new avenues
-
Business7 days agoEnergy price cap rises slightly as temperatures fall
-
Entertainment7 days agoFrance president ‘wants to ban under-15s from social media’
-
Fashion1 week agoSaat & Saat acquires Turkish apparel leader Aydinli Group