Industry

AGOA Expiry Threatens Over 66,000 Kenyan Textile Jobs

Textile Insights May 15, 2025

Kenya’s garment and textile export industry faces major uncertainty as the African Growth and Opportunity Act (AGOA) nears its scheduled expiry in September 2025, potentially putting more than 66,000 jobs in jeopardy. According to the 2025 Economic Survey by the Kenya National Bureau of

Corporates

PDS Sets Up Subsidiary In Mauritius

Textile Insights May 14, 2025

PDS Limited, announced that NexStyle Apparel Manufacturing Limited, its wholly owned Indian subsidiary, has incorporated a new entity in Mauritius under the name ‘NexStyle Apparel Manufacturing Limited’ (NexStyle Mauritius), effective May 13, 2025. The move is part of the company’s ongoing efforts to strengthen its global manufacturing footprint. NexStyle Mauritius, now a

Financial Results

Mafatlal Sees 35% Jump In FY25 Revenue

Textile Insights May 14, 2025

Mafatlal Industries Limited, a key player in the Indian textile sector, reported its highest-ever annual revenue from operations in FY25 at Rs 2,807.2 crore, a 35% increase over the previous year, driven by the execution of large institutional orders. Total income stood at Rs 2,845.3 crore, up 33% year-on-year. Operating EBITDA rose to Rs 85 […]

Financial Results

RSWM Posts Q4 Profit; Revenue Up 7%, EBITDA Soars

Textile Insights May 14, 2025

RSWM Ltd., one of India’s leading manufacturers of synthetic, mélange, and blended spun yarns, denim, knitted fabrics, and green polyester fibers, reported a net profit of Rs 1.6 crore for the fourth quarter of FY25, marking a turnaround from the previous quarter’s loss. The company’s revenue for the quarter rose 7.2% year-on-year to Rs 1,256 […]

Sustainability

Arvind Invests In Hybrid Power Project For Carbon Neutrality

Textile Insights May 13, 2025

Arvind Limited has entered into an agreement with Torrent Green Energy and its subsidiary, Torrent Urja 28 Pvt Ltd (TUPL), to acquire a 26% equity stake in a 20 MW hybrid wind-solar power project. The initiative aims to provide Arvind with approximately 60% of its total electricity from renewable sources post-commissioning. Key highlights of the […]

Financial Results

Raymond Lifestyle Q4 Income Down 9%, Stays Net Debt-Free

Textile Insights May 13, 2025

Raymond Lifestyle Limited reported a 9% year-on-year decline in total income for Q4 FY25 at Rs 1,580 crore, down from Rs 1,728 crore in Q4 FY24. EBITDA for the quarter stood at Rs 99 crore compared to Rs 289 crore a year earlier, reflecting a 66% drop. The EBITDA margin fell to 6.3% from 16.7%, […]

Corporates

Swiss Textile Machinery Association Announces New Leadership

Textile Insights May 13, 2025

At its General Assembly on May 8, the Swiss Textile Machinery Association, a representative body for Switzerland’s providers of textile equipment, systems and services, elected a new president and board members to guide its strategic direction. Davide Maccabruni, CEO of Uster Technologies AG, has been appointed as the new president, succeeding Ernesto Maurer, who served

Corporates

Alok Industries Invests In Rieter’s Compact-Spinning System

Textile Insights May 7, 2025

Alok Industries Ltd., a leading textile manufacturer in India, has selected Rieter’s state-of-the-art compact-spinning solution to enhance its yarn manufacturing operations. The strategic investment highlights Alok’s commitment to innovation, automation, and quality in textile production. The comprehensive system includes fiber and spinning preparation units, combing sets

Corporates

Rieter To Acquire Barmag For CHF 713 Million

Textile Insights May 6, 2025

Rieter has signed a definitive agreement to acquire Barmag, a division of OC Oerlikon, for an upfront equity purchase price of CHF 713 million. This strategic acquisition will position Rieter as a global leader in both natural and manmade fiber technologies and significantly accelerate the company’s growth strategy. Barmag, a global market leader in equipment […]

Corporates

Reliance Industries Wins Trademark Battle Over Vimal Brand

Textile Insights May 2, 2025

Gujarat High Court Bars Ludhiana Firm from Using ‘Vimal’ Name on Apparel In a key legal victory for Reliance Industries Limited (RIL), the Gujarat High Court has barred Ludhiana-based Jaipal Gaba and his firm Mack Hosiery from using the ‘Vimal’ trademark, reaffirming RIL’s exclusive rights to the iconic brand. The decision upholds a prior order […]