T T Ltd Chairman's Speech at 47th AGM
T T Limited submitted the Chairman's speech delivered at its 47th Annual General Meeting (AGM) held on August 6, 2026. The speech highlighted significant global disturbances like the Russia-Ukraine War and West Asia conflict, which led to inflation, fuel shortages, and supply chain disruptions. Domestically, increased cotton and fiber prices, coupled with a weakened Indian Rupee, escalated production costs. Intense competition from Indian and foreign brands prevented cost pass-throughs to consumers. The Chairman noted the challenges faced by the textile industry, including excess inventory, rising input costs, and the impact of government policies like 'Vocal for Local' on consumer perception of foreign brands. The company recognizes the need for transformation and reforms.
Key Highlights
- Global conflicts and economic factors increased production costs.
- Intense competition limits passing costs to consumers.
- Foreign brands benefit from consumer perception despite local manufacturing.
- Company acknowledges need for significant transformation and reforms.
Price Impact
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