Financial Results

Raymond Achieves Record Annual Revenue, Posts Highest-Ever EBITDA

May 5, 2024

Raymond Ltd announced its audited financial results for the year ended March 31, 2024, achieving its highest-ever annual revenue of Rs 9,286 cr and EBITDA of Rs 1,575 cr, with an EBITDA margin of 17.0%. Despite challenges in the lifestyle business, Raymond maintained double-digit revenue growth

Financial Results

Axita Cotton Ltd Achieves Record Revenue And Profit In FY 24

April 28, 2024

Axita Cotton Ltd has reached unprecedented heights with a staggering revenue of Rs 1104 crore and all-time high profit in the fiscal year 2023-2024, marking a remarkable 100.89% year-on-year increase from Rs 549.83 crore. This extraordinary achievement reflects Axita Cotton’s dedication to exceeding expectations and delivering exceptional value. Chairman Nitinbhai

Financial Results

Eastman Chemical Company Announces Strong Q1 2024 Financial Results

April 28, 2024

Eastman Chemical Company announced its financial results for the first quarter of 2024, demonstrating robust sequential growth in both sales volume/mix and earnings. This impressive performance was primarily propelled by a resurgence in demand for specialty products within its advanced materials and additives and functional products segments. The company also achieved

Financial Results

Welspun Living Ltd Achieves Record Revenues And Sustainable Growth In Q4 FY24

April 26, 2024

Welspun Living Ltd, a leading global player in home textiles and part of the Welspun Group, has announced its Q4FY24 results, marking a significant milestone in sustainable profitability and revenue growth. Balkrishan Goenka, Chairman of Welspun Group, expressed his satisfaction with the company’s performance, stating, “It is heartening to see the company achieving a

Financial Results

FY’24 EBITDA At Reliance Industries Soars 16.1% To Rs 178,677 Crore

Textile Insights April 23, 2024

EBITDA at Reliance Industries Ltd soared 16.1 percent year on year to Rs 178,677 crore or US $21.4 billion in fiscal 2023-24 ending March 2024, due to positive contribution from all operating segments. Gross revenue grew slower at 2.6 percent year over year to just over Rs 10 lakh crore or $119.9 billion in the […]

Financial Results

2023 Sales Remain Stable At Cellulose Fibre Producer Lenzing

Textile Insights March 20, 2024

Taking persistently low fibre prices into consideration, revenue at Lenzing remained comparatively stable at €2.52 billion in 2023 compared with €2.57 billion in 2022. “Very subdued demand on the one hand and the continued rise in raw material and energy costs on the other, exerted a strongly negative impact on the earnings,” the producer of […]

Financial Results

Net Income At Zara Owner Inditex Soars 30.3% In 2023

Textile Insights March 15, 2024

Net income at owner of fashion brands like Zara and Pull&Bear, Inditex soared 30.3 percent over 2022 to €5.4 billion in 2023. “In 2023, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated business model,” the Spanish apparel retailer said. In […]

Financial Results

EBIT Margin At Rieter Group Stands At 7.2% In 2023

Textile Insights March 13, 2024

Profit at the Rieter Group at the EBIT level in financial year 2023 was CHF 101.7 million vis-à-vis CHF 32.2 million in 2022, which represents an EBIT margin of 7.2 percent. Sales at the Swiss textile technologies manufacturer slipped 6 percent to CHF 1,418.6 million in 2023 as against CHF 1,510.9 million in its earlier […]

Financial Results

Andritz Reports Best Ever Financial Results In History

Textile Insights March 2, 2024

Nonwovens technology and recycling solutions manufacturer Andritz said it has reported best ever financial results in its history in 2023, when its revenue increased to €8.7 billion, up 15 percent over 2022. Net income at the German company rose to €504 million in 2023, up a massive 25 percent over its previous year and operating […]

Financial Results

Oerlikon Group Sales Drop 7.4% To CHF 2,693 Million In 2023

Textile Insights February 22, 2024

Oerlikon Group sales dropped 7.4 percent year on year to CHF 2,693 million in 2023, which includes a negative foreign exchange (FX) headwind of 6 percent and a 4.5 percent positive impact from Riri acquisition. Group order intake last year decreased 17.8 percent over a year ago period to CHF 2,457 million. Adjusted for FX […]