here is from Carter's (One of Kitex clients) Q3 Concall managment commentary:
"Our biggest challenge in the quarter was sluggish domestic demand for our fall transitional products in late summer,which caused promotions to be higher than planned. We had good growth in July and September, but saw an unusual decline in demand in August. It was our toughest month in terms of comparable sales and profitability."
If carter has witnessed a small demand problem in this Quarter, because of any reason. then same would have been experienced by other retailers.
Carter total sales in rs. is ~ 6000 Crore at Quarter Level.
While per Quarter Sales to Carter from Kitex would be like 20-25 Crores (Guessing)
If carter does defers one shipment of 10-15 Crore, i guess it will not make a substantial impact on their sales
they are already having 3500 Crores+ in their inventory.
So, a guess could be that maybe this sluggishness experienced by kitex clients in this particular august month could have led to a deferment of order in this quarter.
Now saying that this sluggishness is caused by the elections is .. idk.. maybe a little subjective.
Not one analyst in the concall mentioned about US elections and sluggishness, if any. neither did the management. Overall the concall transcript is a very good read. tried to put it together in a pdf, sharing link:
Link to Carter's Q3 Concall..