News - Textile Insights - Page 132

Financial Results

ABFRL Q1: Ethnic Wear & Digital Brands Lead Growth

Textile Insights August 20, 2025

Aditya Birla Fashion and Retail Limited (ABFRL) reported strong operating performance for Q1 FY26, with EBITDA rising 38% year-on-year to Rs 169 crore on revenue of Rs 1,831 crore, up 9% from the same quarter last year. Net loss narrowed slightly to Rs 234 crore from Rs 238 crore in Q1 FY25.

Cotton

Cotton Duty Cut To Boost Textile Competitiveness: CITI

Textile Insights August 20, 2025

The Confederation of Indian Textile Industry (CITI) has welcomed the government’s decision to remove import duty on cotton, calling it a long-pending reform that will enhance the global competitiveness of India’s textile sector. “The removal of the import duty on cotton, though only for a brief period, signals the government’s strong commitment to strengthen the […]

Textile Park

Sircilla Textile Park Workers On Strike

Textile Insights August 20, 2025

Workers of the textile park on the outskirts of Baddenapalli in Thangallapalli mandal launched a strike on August 19th, demanding higher wages. The agitation comes after repeated calls for an increase in wages for both government and private garment workers went unheeded by factory owners. At a meeting of powerloom workers, chaired by Union president […]

Industry

GST Reforms Must Protect Apparel Sector: CMAI’s Rahul Mehta

Textile Insights August 20, 2025

The Clothing Manufacturers Association of India (CMAI) has urged the government to exercise caution in implementing the proposed Goods and Services Tax (GST) reforms, warning that poorly executed changes could harm the apparel sector. Rahul Mehta, Chief Mentor of CMAI, said that while reducing the number of slabs and making mass-consumption products cheaper are

Cotton

SDA Projects Lower Global Cotton Stocks As U.S. Crop Slips To Near-Decade Low

Textile Insights August 19, 2025

Global cotton stocks are expected to decline in the 2025/26 season, as the latest U.S. Department of Agriculture (USDA) outlook projects weaker production worldwide, led by cuts in the United States, China, India, and Australia. The August Cotton and Wool Outlook report forecasts global ending stocks at 73.9 million bales, down 1.1 million bales (1.5%) […]

Cotton

Brazil Sets Cotton Export Record With 2.83 Million Tonnes In 2024/25 Season

Textile Insights August 19, 2025

Brazil closed the 2024/25 marketing year (August–July) with record cotton exports of 2.83 million tonnes of lint, a 5.8% increase over the previous season, reaffirming its position as the world’s leading cotton exporter, according to the Brazilian Cotton Growers Association (Abrapa). Export revenues totaled US $4.85 billion. The top three destinations Vietnam, Pakistan and

Export

Sri Lanka’s Garment Exports Up 5.2% In June

Textile Insights August 19, 2025

Sri Lanka’s garment exports climbed 5.2% year-on-year in June 2025 to US$ 439.39 million, up from US$ 417.71 million a year earlier, according to the Joint Apparel Association Forum (JAAF). The growth was powered by sharp gains in the UK and EU markets, which helped offset declines elsewhere. Exports to the UK surged 20.4% to […]

Policies

Ghana Unveils Draft Policy To Revive Textiles And Apparel Sector

Textile Insights August 19, 2025

Ghana has unveiled a draft 10-year policy framework aimed at restoring its once-thriving textiles and garments sector and positioning the country as a leading hub for ethical and sustainable apparel production in West Africa. The proposed framework outlines interventions across nine thematic areas, including infrastructure development, cotton cultivation, investment

Trade & Market

US Textile And Apparel Imports Up 2.5% In June

Textile Insights August 19, 2025

The Office of Textiles and Apparel (OTEXA) reported that U.S. imports of textiles and apparel reached 8.56 billion square meter equivalents (SME) in June 2025, up 2.5% compared to the same month last year. Textile imports totaled 6.53 billion SME, a 3.1% increase, while apparel imports edged up 0.5% to 2.04 billion SME. For the […]

Industry

Uzbekistan To Open Textile Trading Houses In US

Textile Insights August 19, 2025

Uzbekistan’s President Shavkat Mirziyoyev has announced plans to open two textile trading houses in St. Louis and New York, a move aimed at strengthening the country’s presence in the US$ 100 billion US textile market. The trading houses will serve as sales and promotional hubs for Uzbek ready-made garments and fashion products, directly linking the […]

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