Hit hard by pandemic, textiles now showing signs of recovery
The covid-19 pandemic had its adverse effect on the sales and profits in the textiles sector. The Wazir Textile Index (WTI) saw a drastic drop in sales and EBIDTA in H1 FY21 owing to the pandemic. In H1 FY21, overall sales dropped by 36 per cent as compared to that in H1 FY20. The overall EBIDTA showed a decline…