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

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, […]

Industry

Industry Leaders Appointed to Textiles Committee

Textile Insights August 18, 2024

Bhadresh Dodhia and Rakesh Mehra have been appointed as members of the Textiles Committee, a statutory body under the Ministry of Textiles, Government of India. Bhadresh Dodhia, Chairman of MATEXIL (formerly SRTEPC), expressed his commitment to driving growth, innovation and sustainability in the Indian textile industry. “I am honoured to be part of the Textiles […]

Corporates

Sailuda Expands Production Capabilities With New Oerlikon Neumag BCF Plant

Textile Insights August 18, 2024

Chinese automotive supplier Sailuda is enhancing its production process by commissioning an Oerlikon Neumag BCF (Bulked Continuous Filament) plant, allowing the company to produce its own BCF yarns. This backward integration enables Sailuda to control the entire production chain, from yarn to finished car carpets, ensuring superior quality and consistency. Sailuda, a key

Apparel, Fashion, Retail

Ethnic Wear Brand Fashor Raises US$ 5 Million In Funding Round

Textile Insights August 18, 2024

Fashor, an ethnic wear brand, has secured US$ 5 million in a funding round led by Blume Ventures. The investment, comprising both primary and secondary transactions, will be directed towards expanding the brand’s omni-channel presence, enhancing its supply chain and bolstering its overall brand development. Founded by Vikram and Priyanka Kankaria, Fashor’s products

Cotton

USDA Lowers 2024/25 U.S. and Global Cotton Estimates

Textile Insights August 15, 2024

The USDA’s latest report for the 2024/25 cotton season indicates a significant reduction in U.S. cotton figures. U.S. cotton production is forecasted at 15.1 million bales, a drop of 1.9 million from the previous estimate. The report cites a decrease in planted area by 500,000 acres, now totaling 8.6 million acres due to a 23% […]

Corporates

Shinkong Invests US$10M in Ambercycle’s First Facility

Textile Insights August 15, 2024

Shinkong Synthetic Fibers Corporation, a global leader in polyester production, has invested US$ 10 million in Ambercycle’s inaugural state-of-the-art commercial facility. This investment will expand global production capacity for Ambercycle’s premium material, made from end-of-life textiles, and marks a significant milestone in the three-year collaboration between the two

Corporates

Lenzing Wins Platinum In EcoVadis CSR Rating

Textile Insights August 15, 2024

The Lenzing Group, a leading supplier of regenerated cellulose fibers for the textile and nonwovens industries, has achieved platinum status in EcoVadis’ CSR rating for the fourth consecutive year. This top-tier recognition places Lenzing in the top 1% of companies globally evaluated by EcoVadis, which assesses corporate social responsibility across environment, fair