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

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 […]

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. However in the October to December quarter, […]

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