Cotton

Xinjiang Cotton Crisis Forces Chinese Textile Firms To Adapt

Textile Insights August 15, 2024

Hong Yongcheng, a towel factory owner, has shifted production to Xinjiang amid heightened restrictions on Chinese imports, particularly affecting US-bound goods. With American buyers hesitant to renew orders due to these restrictions, Hong’s decision was driven by cost-cutting measures rather

Textile Park

Central Government Approves New Textile Project In Bihar

Textile Insights August 15, 2024

The central government has approved several initiatives to strengthen the textile industry in Bihar, as announced by State Industries Minister Nitish Mishra. The approval comes as part of ongoing efforts to enhance industrial development and create employment opportunities in the state. Among the approved projects is the development of the silk industry in Bhagalpur

Industry

Bangladesh Political Crisis Hits Bhilwara Textile Industry

Textile Insights August 15, 2024

The ongoing political turmoil in Bangladesh has severely impacted the textile industry in Bhilwara, Rajasthan. For years, Bhilwara has relied on Bangladesh as a major market, exporting around 50% of its yarn and denim to the country. The total annual export value of these goods is estimated at approximately Rs 2,000 crore. According to RK […]

Corporates

RSWM Launches “For All Reasons, For All Seasons” Campaign

Textile Insights August 14, 2024

RSWM Limited, a leading player in the textile sector and part of the LNJ Bhilwara Group, has introduced its new digital campaign, “For All Reasons, For All Seasons.” This initiative highlights RSWM’s six-decade legacy of enhancing Indian lives with premium textiles. The campaign features a poignant short film that illustrates how RSWM’s yarns and fabrics

Financial Results

Ambika Cotton Mills Q1 Profit Up 3.76% Despite Dip In Revenue

Textile Insights August 14, 2024

Ambika Cotton Mills announced its Q1 FY25 results on August 9, 2024, reporting a mixed performance. The company’s revenue declined by 5.79% year-on-year (YoY), but profit increased by 3.76% YoY. On a quarter-on-quarter (QoQ) basis, revenue saw a modest growth of 1.6%, while profit surged by 33.81%. The company also reported a slight increase in […]

Financial Results

Ganesha Ecosphere’s Q1 Profit Jumps 533%

Textile Insights August 14, 2024

Ganesha Ecosphere, a leading player in the PET bottle recycling industry, has posted remarkable financial results for the first quarter of the fiscal year 2024-25. The company’s consolidated profit surged by an impressive 533.76%, reaching Rs 22.55 crore for the April-June quarter, compared to Rs 3.45 crore in the same period last year. This stellar […]

Financial Results

BSL Ltd Revenue Up 2.1%, PAT Rises 1.8% In Q1 FY25

Textile Insights August 14, 2024

BSL Ltd, a leading textile company with fully integrated operations, has announced its unaudited financial results for Q1 FY25, ending June 30, 2024. The company posted a revenue of Rs 163.7 crore, marking a 2.1% increase year-on-year (YoY). Financial Highlights for Q1 FY25 (Rs in cr.): Revenue: Rs 163.7 cr., up 2.1% YoY EBITDA: Rs […]

Financial Results

Industry Recovery Boosts Margins Amid Global Challenges: Riju Jhunjhunwala

Textile Insights August 14, 2024

RSWM Ltd., one of India’s largest manufacturers of value-added synthetic, mélange, blended spun yarns, denim fabric, knitted fabric and green polyester fibres, has announced its unaudited financial results for Q1 FY25, ending on June 30, 2024. Financial Highlights for Q1 FY25 (Rs in cr.): Sales: Rs 1,208 cr., up 3.1% QoQ and 34.1% YoY Gross […]

Financial Results

Sutlej Textiles Reports Stable Q1, Wins Industry Awards

Textile Insights August 14, 2024

Sutlej Textiles and Industries Ltd has announced its financial results for the quarter ending June 30, 2024. For Q1FY25, the standalone total income remained stable at Rs 659 crore, consistent with Q4FY24, and down 0% from FY24. EBITDA was Rs 26 crore, with a margin of 4.0%, up from Rs 17 crore and 2.6% in […]

Financial Results

Banswara Syntex’s Fabric Revenue Up, Yarn and Garment Revenue Down

Textile Insights August 14, 2024

Banswara Syntex Ltd reported a total income of Rs 275 crore for the quarter, with an EBITDA of Rs 17 crore, PBDT of Rs 13 crore and a PAT of Rs 1 crore. The Yarn division’s revenue fell to Rs 100 crore, while the Fabric division saw an increase to Rs 113 crore. In contrast, […]