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

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 […]

Financial Results

Aditya Birla Fashion & Retail Slips In To Q3FY’24 Loss

Textile Insights February 16, 2024

Aditya Birla Fashion & Retail Ltd (ABFRL), India’s major apparel retailer slipped in to a loss at Rs 77.87 crore in the third quarter of fiscal quarter ended December 31, 2023 Incidentally, the Aditya Birla Group company had reported net profit at Rs 15.79 crore in the third quarter of fiscal 2022-23. Total revenue in […]

Financial Results

Gross Margin Expands 480bps At Arvind Fashions In Q3FY’24

Textile Insights February 15, 2024

Gross margin expanded 480 basis points (bps) year over year to 53.3 percent at Arvind Fashions in the fiscal quarter ended December 31, 2023. According to an Arvind Fashions press release, this improvement was driven by a 2 percent retail like-to-like growth, enhanced execution in the retail channel, and a strategy of lower discounting. The […]

Financial Results

Q3FY’24 Revenues Jump 34.88% At Dyes Producer Vipul Organics

Textile Insights February 15, 2024

Manufacturer of dyes and pigments, Vipul Organics reported a 34.88 percent year on year jump in revenues which stood at Rs 3,761 lakhs in the third quarter ended December 31, 2023. However, net profit in the three months to December 31, 2023 soared 650.19 percent from a year ago quarter on a consolidated basis and […]

Financial Results

Q3FY’24 Net Loss At Sutlej Textile & Industries Plunges Further

Textile Insights February 12, 2024

Net loss at Sutlej Textile & Industries plunged 93.82 percent to Rs 30.08 crores in the third fiscal quarter ending December 31, 2023 from a net loss of Rs 15.56 crores in the comparable quarter of earlier fiscal. However, drop in net loss in the three months to December 31, 2023 was slower at 49.44 […]