Financial Results

Q3FY’24 Operational Revenue At Grasim Industries Grows 11.61%

Textile Insights February 10, 2024

Revenue from operations was up 11.61 percent year on year to Rs 31,965.48 crore at Grasim Industries during the third fiscal quarter ended December 31, 2023. Total income amounted to Rs 32,221.97 crore, up 1.93 percent in the quarter under review, while total expenses stood at 28,749.44 crore.

Financial Results

Welspun Living Revenue Up 19% Between April & December

Textile Insights February 8, 2024

In the first nine months of fiscal ending March 31, 2024, total revenue at home textiles producer and exporter Welpsun Living reached Rs 72,084 million, up an impressive 19.7 percent year on year. “The flagship brand, ‘Welspun,’ maintains its position as the most widely distributed home textile brand in India with a presence across 600 […]

Financial Results

VF Corp Q3 Revenues Slip 16%. Plans Brand Portfolio Review

Textile Insights February 7, 2024

While announcing financial results for the third quarter ending December 30, 2023, VF Corporation said it will explore strategic review of its brand assets. The fashion retailer, which owns iconic brands like Vans, The North Face and Timberland reported a 16 percent year on year decline in revenue to $3.0 billion in the third quarter. […]

Financial Results

Himatsingka Sees Positive Growth In Q3 FY24 With 35.3% EBITDA Surge

February 4, 2024

In the quarter ended December 31, 2023, Himatsingka, a leading textile manufacturer, reported consolidated financial highlights showcasing both challenges and triumphs. The company’s consolidated total Income decreased by 3.3% YoY to Rs 725.10 crore compared to Rs 750.04 crore in Q3 FY23. EBITDA witnessed robust growth, surging by 35.3% to Rs 158.39 crore from Rs

Financial Results

Banswara Syntex Reports Subdued Performance In 9MFY24 Amidst Market Slowdown

February 4, 2024

In a recent announcement, Banswara Syntex Ltd, a leading textile company, disclosed its financial results for the first nine months of fiscal year FY24. Commenting on the results, Ravindra Kumar Toshniwal, Managing Director, remarked, “The second half of fiscal year FY24 has begun on a softer note, with challenges persisting, particularly on the demand side […]

Financial Results

Eastman Chemical Company Posts Robust Results For Q4 & FY2023

February 4, 2024

Eastman Chemical Company reported fourth-quarter and full-year 2023 results with significant achievements. The company generated approximately US$ 1.4 billion in cash from operating activities in 2023, showcasing robust cash flow. Demonstrating commercial prowess, Eastman offset macro-driven volume challenges with pricing excellence, reducing costs by about US$ 200 million

Financial Results

Net Profit At Century Textiles Soars 855 Percent In Q3FY’24

Textile Insights February 3, 2024

Net profit at Century Textiles and Industries Ltd soared 855 percent to Rs 83.3 crore in the third quarter of the fiscal 2023-24, compared to Rs 8.72 crore in the corresponding quarter of the previous fiscal. The Aditya Birla Group’s company revenues in the three months to December 31, 2023 increased 8.8 percent to Rs […]

Financial Results

Net Profit At Raymond Almost Doubles To Rs 184cr In Q3FY’24

Textile Insights February 2, 2024

Net profits at Gautam Singhania led Raymond almost doubled to Rs 184 crore in the third fiscal quarter ending December 31, 2023 from Rs 95 crore in the corresponding quarter of fiscal 2022-23. During the three months to December 2023, revenue increased 11 percent year on year to Rs 2,450 crore, with an EBITDA margin […]

Financial Results

Arvind Ltd Reports 8.41% Increase In Q3FY’24 Net Profit

Textile Insights February 1, 2024

Sanjay Lalbhai led Arvind Ltd reported an 8.41 percent year on year increase in consolidated net profit at Rs 94.32 crore for the third fiscal quarter ended December 31, 2023. “But, revenues from operations, impacted by price deflation, dropped 4.62 percent from a year ago quarter to Rs 1,888.24 crore during the three months to […]

Financial Results

Rieter Group Sales Drop 6% To CHF 1,418.6 Million In 2023

Textile Insights January 24, 2024

The Rieter Group released its unaudited figures for financial year 2023 in which its sales dropped around 6 percent to CHF 1,418.6 million as against CHF 1,510.9 million in 2022. The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7 percent year on year, while sales at the Business […]