Industry

Bangladesh Textile Factories Resume Operations After Civil Unrest

Textile Insights August 19, 2024

Following recent civil unrest in Bangladesh, textile factories owned by Indian companies have restarted operations, according to a senior official from the Ministry of Commerce. The official, who requested anonymity, confirmed that after several days of disruption, these manufacturing units are

Garment

Bangladesh Garment Industry Hit Hard By Gas Shortages And Rising Import Costs

Textile Insights August 19, 2024

Bangladesh’s garment industry is facing severe disruptions due to a natural gas shortage, leading to a 13% increase in yarn imports. From July 2023 to April 2024, imports surged to $2.64 billion as local yarn production faltered. This reliance on foreign yarn is straining foreign reserves and reducing local value addition. Factories need 8-10 PSI […]

Textile Print

Pincroft Boosts Camouflage Printing With New Equipment

Textile Insights August 19, 2024

As a global leader in military fabric printing, dyeing and finishing, Pincroft has announced the purchase of state-of-the-art equipment that will boost the company’s camouflage printing capacity to over 8 million metres annually. The new equipment features cutting-edge rotary screen printing technology, including a magnet combined system for uniform application, digital

Sustainability

Assam’s Eri Silk Earns Prestigious Oeko-Tex Standard 100 Certification

Textile Insights August 19, 2024

Assam’s Eri Silk has been awarded the Oeko-Tex Standard 100 certification, a mark of safety indicating that the textile has been tested for harmful substances from yarn to finished product. Assam Chief Minister Himanta Biswa Sarma celebrated the achievement, calling it a proud moment for the state and highlighting the certification’s role in setting benchmarks […]

Industry

Global Textile Machinery Shipments Surged In 2023: ITMF

Textile Insights August 19, 2024

The 46th International Textile Machinery Shipment Statistics (ITMSS) report, released by the International Textile Manufacturers Federation (ITMF), revealed that global shipments of new textile machinery increased across most segments in 2023, with notable growth in shuttle-less looms and flat knitting machines, despite a decline in texturing machinery. Spinning Machinery

Financial Results

VIP Clothing Posts Negative Growth In Q1 FY25

Textile Insights August 19, 2024

VIP Clothing, a leading innerwear manufacturer known for its marquee brands such as VIP, Frenchie, Feelings, and Leader, announced its unaudited financial results for the first quarter ended June 30, 2024. Highlights Revenue from operations: Rs 501.20 mn, compared to Rs 536.64 mn in Q1 FY24. EBITDA: Rs 28.06 mn, down from Rs 35.29 mn […]

Financial Results

Dollar Industries Reports Modest Growth In Q1 FY25

Textile Insights August 19, 2024

Dollar Industries Ltd, a prominent name in the garment and hosiery sector, announced its financial results for the first quarter of FY25. Key Financial Highlights: Total Income: Rs 33,443 lakh, reflecting a 1.7% year-over-year (YoY) growth from Rs 32,891 lakhs in Q1 FY24. Gross Profit: Rs 11,887 lakh, up 12.1% YoY, with a gross profit […]

Financial Results

Trent Ltd Reports 56% Revenue Growth In Q1FY25

Textile Insights August 19, 2024

Trent Ltd has announced a remarkable financial performance for the quarter ending June 30, 2024, with standalone revenues rising by 56% to Rs 4,228 crore, compared to Rs 2,704 crore in the same period last year. The company also reported a significant 133% increase in profit before tax (PBT), reaching Rs 450 crore. This translates […]

Financial Results

ABFRL Reports 15% YoY EBITDA Growth In Q1FY25

Textile Insights August 19, 2024

Aditya Birla Fashion and Retail Ltd (ABFRL) has reported a 15% year-on-year (YoY) increase in EBITDA for Q1FY25, reaching Rs 406 crore. This growth comes despite a challenging market environment. The company also saw a 7% YoY rise in consolidated revenue, totaling Rs 3,428 crore. In its strategic segments, ABFRL demonstrated robust performance. The de-merged […]

Corporates

Puma Appoints Johan Kuhlo As Managing Director For GCC

Textile Insights August 19, 2024

Puma has appointed Johan Kuhlo, 43, as the Managing Director for the Gulf Cooperation Council (GCC) region, effective September 1. In his new role, Kuhlo will oversee key markets, including the UAE, Saudi Arabia, Qatar, Kuwait and Oman. He will report directly to Puma’s CEO Arne Freundt. Kuhlo, who has been with Puma since 2015, […]