Financial Results

Kitex Garments Q1 Profit at Rs 26.05 Cr; Launches ‘Little Star’ Brand In India

Textile Insights August 18, 2025

Kitex Garments Ltd has declared its financial results for the first quarter ended June 30, 2025, reporting total income of Rs 201.31 crore, EBITDA of Rs 41.63 crore, and a net profit of Rs 26.05 crore. Revenue grew 3.3% over the corresponding quarter last year, despite an industry-wide slowdown

Financial Results

S.P. Apparels Reports Strong Q1 FY26 Performance With 63% Revenue Growth

Textile Insights August 18, 2025

S.P. Apparels Ltd has reported robust financial performance for the first quarter of FY26, driven by strong growth across its garment division and consolidated operations. On a consolidated basis, the company posted total revenue of Rs 4,050.7 million in Q1 FY26, marking a significant 63.3% year-on-year increase from Rs 2,480.3 million in the same quarter […]

Corporates

Gildan To Acquire Hanesbrands In US$ 2.2 Billion Deal

Textile Insights August 18, 2025

Montreal-based Gildan Activewear is set to acquire HanesBrands Inc. in a deal valued at US$ 2.2 billion, or about US$ 4.4 billion including debt, expanding its portfolio with well-known labels such as Hanes and Maidenform. Under the terms, HanesBrands shareholders will receive 0.102 Gildan common shares plus US$ 0.80 in cash for each HanesBrands share. […]

Corporates

OCM Names Dhruva Singh Chauhan As CEO

Textile Insights August 18, 2025

OCM Private Limited has named Dhruva Singh Chauhan as its new Chief Executive Officer, marking a significant leadership transition for the century-old textile brand as it embarks on its next phase of growth and innovation. Chauhan brings with him over two decades of experience in the textile and apparel industry, with expertise spanning vertically integrated […]

Corporates

Vardhman, NITRA Sign MoU For Next-Gen Sustainable Fibre Development

Textile Insights August 18, 2025

Vardhman Group has entered into a strategic partnership with the Northern India Textile Research Association (NITRA) to advance research and development in milkweed fibre, a sustainable alternative to conventional textile materials. The Memorandum of Understanding (MoU) was signed by Neeraj Jain, Joint Managing Director of Vardhman and Dr. M. S. Parmar, Director General of

Corporates

Ludhiana Textile Firm To Invest Rs 2,500 Cr In Mandsaur Unit

Textile Insights August 18, 2025

A Ludhiana-based textile company has acquired 25 hectares of land in the upcoming Basai industrial area, Mandsaur, with plans to invest Rs 2,500 crore in setting up an advanced integrated textile unit. Spread across 178.83 hectares, the Basai industrial area is being developed at a cost of around Rs 89 crore. Once completed, it is […]

Corporates

Gokaldas Exports Approves Amalgamation Of BRFL Textiles

Textile Insights August 18, 2025

The board of Gokaldas Exports Ltd (GEX) has approved the amalgamation of BRFL Textiles Pvt. Ltd. (BTPL) with the company, in a meeting held on August 9, 2025. Gokaldas Exports had made a strategic investment in BTPL in June 2024 through optionally convertible debentures, and earlier this week, its board approved raising its stake in […]

Industry

PM Modi Announces Next-Gen GST Reforms On Independence Day

Textile Insights August 18, 2025

On the occasion of India’s 79th Independence Day, Prime Minister Narendra Modi highlighted the transformative role of the Goods and Services Tax (GST), calling it one of the most significant economic reforms since its implementation in 2017. He said the next phase of GST reforms will be crucial in building an ‘Atmanirbhar Bharat’ by easing […]

Industry

RMG Green Count In Bangladesh Rises To 258

Textile Insights August 14, 2025

Bangladesh’s ready-made garment (RMG) sector has further cemented its position as the world leader in green apparel manufacturing, with five more factories earning Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC). This latest addition brings the total number of LEED-certified garment factories in the

Cotton

India Imports 27 Lakh Bales Cotton In 2024–25

Textile Insights August 14, 2025

India imported 27.09 lakh bales of cotton worth Rs 7830 crore in the ongoing 2024–25 cotton season (up to May 31, 2025) with major supplies coming from Brazil, the USA and Australia, according to data tabled in the Lok Sabha by Pabitra Margherita, Minister of State for Textiles. The import list was led by Brazil […]