The demand for fabrics is gradually inching towards normalisation levels and given Siyaram's strong brand patronage and distribution network (which mainly encompasses Tier II/III cities), it is well placed to capture market share opportunities in the segment. The garmenting division (15% of sales) on the other hand, is still not out of the woods as inventory in trade channels appears to be on the higher side. This led to lower flow of new orders from dealers/distributors. For YTDFY21, revenue declined 52% YoY to | 597 crore. The company has re-engineered its cost structure with...