Financial Results

Arvind Fashions’ Consolidated Net Profit Up 39% In Q4FY’24

Textile Insights May 23, 2024

Arvind Fashions Ltd reported a 39.09 percent hike in consolidated net profit to Rs 39.67 crore in the fourth fiscal quarter ending March 2024, as against 28.52 crore for the same quarter of earlier fiscal. Arvind Fashions’ revenue from operations grew to Rs 1,093.85 crore, up 3.66 percent in

Export

Bangladeshi Garment Exports To India Fall 22% In July-March

Textile Insights May 23, 2024

Exports of garments from Bangladesh to India fell to US $645.18 million between July and March of fiscal 2023-24, down 22.31 percent from $830.51 million in same period of previous fiscal. Exports of garments to India dropped despite overseas shipments rising to other non-traditional markets, sata of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Cotton

India’s Cotton Production Gallops, While Pakistan’s Lags

Textile Insights May 23, 2024

Until the 1990s, India lagged behind Pakistan in cotton production. However, today, India has not only surpassed Pakistan but also topped the global ranking. Indian cotton production will be 34.7 million bales of cotton in the 2023-24 season, accounting for 25 percent of the world’s total production. While Pakistan’s production remains at barely 8-9 million […]

Technical Textile & Nonwoven

Govt Planning QCO In Build Tech Segment Of Technical Textiles

Textile Insights May 22, 2024

The Indian government is planning to introduce Quality Control Orders (QCOs) targeting 11 key technical textile products in the build tech category. The government is doing so to step up safety standards of clothing used by workers and professionals in the construction sector. These QCOs are specifically designed to elevate the quality and performance of […]

Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024

Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United States due to the company’s supply chain […]

Software

Datacolor Releases Significant Software Portfolio Updates

Textile Insights May 22, 2024

Datacolor has released significant software portfolio updates, including the integration of Colibri support and enhancements to its colour matching and quality control (QC) tools. The latest version of the Colibri workflow software (version 24.1) released recently, includes many new features, including increased security, improved recipe correction and performance

Corporates

Thailand based Indorama Ventures Rebrands & Rolls Out New Logo

Textile Insights May 22, 2024

Indorama Ventures Public Co. Ltd. Has developed and launched a new logo to reflect its modernity, sustainability, innovation, and the quality its provides to its customers worldwide. “The new logo conveys our commitment to be a world-class sustainable chemical company producing indispensable chemistry that touches billions of lives every day,” the Aloke Lohia led company

Event

ITM 2024 To See Record Exhibition Space & Exhibitor Numbers

Textile Insights May 22, 2024

ITM 2024 exhibition which will be held from June 4-8, 2024 will break new records in terms of exhibition space and also exhibitor numbers The exhibition is seeing a significant increase in number of new exhibition companies due to which their numbers have reached more than 1,300 companies from more than 70 countries. The exhibition […]

Financial Results

Trident Ltd Net Profit Drops Sharply By 54.8% In Q4FY’24

Textile Insights May 22, 2024

In the fourth fiscal quarter ending March 31, 2024, net profit at Ludhiana based Trident Ltd dropped sharply by 54.8 percent over the same quarter in the previous fiscal to Rs 59 crore. However, revenue increased 6.9 percent from a year ago quarter in the Rajinder Gupta led textiles manufacturer to Rs 1,682 crore in […]

Corporates

Vardhman Investing Rs 2,000cr in Modernisation & Expansion

Textile Insights May 21, 2024

Ludhiana based Vardhman Textiles is modernising and expanding its existing spinning and fabric operations at a substantial capital outlay of around Rs 2,000 crore. Additionally, the company will also foray and invest in technical textiles, targeting a production output of 15 lakh meters of fabric per month. Currently, Vardhman operates 12.37 lakh equivalent spindles and