Financial Results

Zara Owner Inditex Reports 40.1% Surge In H1 Net Income

Textile Insights September 15, 2023

Inditex, owner of iconic garment brand Zara said its net income surged 40.1 percent year on year to €2.5 billion in the first six months of current year. Inditex also recorded a 13.5 percent sales growth over the first half of previous year and stood at €16.9 billion in the period between

Financial Results

Lenzing Group Revises EBITDA Downwards For 2023

Textile Insights September 15, 2023

Manufacturer of sustainable cellulose fibres Lenzing Group has revised downwards its EBITDA for the current financial year. The Austrian company attributed the revision to continued weak development of markets relevant to Lenzing, coupled with very cautious market expectations in 2023. “Taking into account the current lack of market recovery, the previous earnings forecast

Financial Results

Q1FY’24 Net Profit At Garware Technical Fibres Surges 52%

Textile Insights August 17, 2023

Net profit in the first fiscal quarter ending June 30, 2023 at Garware Technical Fibres surged 52 percent to Rs 43 crore as against Rs 28.2o crore in the corresponding period of fiscal 2023. Net sales of the ISO 14001:2015 and ISO 9001:2015 certified company increased 7 percent year on year to Rs 325.7 crore […]

Financial Results

Consolidated Revenues At Grasim Rises 11% in Q1FY’24

Textile Insights August 16, 2023

In the first fiscal quarter ending June 30, 2023, consolidated revenues at Grasim Industries rose 11 percent from a year ago quarter to Rs 31,065. In the reporting quarter, consolidated EBITDA at the Aditya Birla Group company totaled Rs 4,981 crore, up 11 percent against first quarter of fiscal 2023. Profit after tax fell 18 […]

Financial Results

Q1FY’24 EPS More Than Halves At Winsome Industries

Textile Insights August 14, 2023

Earnings per share (EPS) more than halved to Rs 2.32 in the first fiscal quarter ending June 30, 2023 at Winsome Textile Industries as against Rs 5.23 in the comparable quarter of fiscal 2023. The Himachal Pradesh based spinner reported total income of Rs 207.54 crores during the period under review, down 6.23 percent vis-à-vis […]

Financial Results

Reported EBITDA at Indorama Ventures slips 68% in Q2

Textile Insights August 12, 2023

Reported EBITDA at Indorama Ventures slipped 68 percent year on year to US $321 million in the second quarter of 2023, but rose 7 percent over the earlier quarter. The Thailand headquartered company recorded revenues of $4 billion in the reporting quarter, again down 27 percent from a year ago quarter, and also down one […]

Financial Results

Oerlikon Group Sales Drop 4.4% In Q2

Textile Insights August 11, 2023

In the second quarter ending June 30, 2023, Oerlikon Group sales dropped slightly by 4.4 percent year on year, to CHF 702 million, mainly driven by postponements in Polymer Processing Solutions’ filament orders. However, the Switzerland based group’s sales rose 3.6 percent from a year ago quarter, including 5.9 percent from Riri at constant exchange […]

Financial Results

Q1FY’24 Vardhman Textiles Net Profit Drops Sharply

Textile Insights August 8, 2023

In the first fiscal quarter ending June 30, 2023, Vardhman Textiles net profit dropped sharply by 58.53 percent to Rs 136.47 crore, compared to Rs 329.12 crore in the corresponding quarter of earlier fiscal EBITDA too dropped 41.88 percent to Rs. 309.88 crore in the reporting quarter as against Rs 533.17 crore in the first […]

Financial Results

Net Profit At Nandan Denim Plummets 89.8% in Q1FY’24

Textile Insights August 7, 2023

In the first quarter of fiscal 2024 ending June 30, 2023, net profit at Gujarat based Nandan Denim plummeted 89.8 percent to Rs 1.07 crores from Rs 10.5 crore in the same quarter of previous fiscal. In the reporting quarter, sales at one of the biggest Indian denim fabric manufacturer, was also down 28.90 percent […]

Financial Results

Cellulose Fibre Maker Lenzing Group H1 Sales Slip 3.4%

Textile Insights August 3, 2023

In the first six months of 2023, sales at cellulose fibre producer Lenzing Group slipped 3.4 percent year on year to €1.25 billion, mainly due to lower fibre revenues, although pulp revenues were up. EBITDA in the first half of 2023 declined significantly by 27.7 percent from a year ago period to €136.5 million. Lenzing […]