The broader market valuation is no longer cheap. With a market share of around 70% in infant-wear exports, Kitex is a leading player. Large organised players have already started reducing prices, thereby reducing the price gap with that of unorganised players. The company is expected to report double-digit volume growth due to market share gain from unorganised players and low base of last year. The unorganised players are more in the replacement market and to corner market share, Amara Raja plans to expand its capacities both in the two-wheeler and four-wheeler space.

Source: Economic Times July 24, 2017 00:56 UTC