Sangam India Ltd delivered its highest-ever quarterly revenue of Rs 803 crore in Q1 FY26, up 15% YoY, driven by strong volume momentum, buoyant domestic demand and focused execution. Gross profit stood at Rs 298 crore with a 37.2% margin, while EBITDA was Rs 70 crore. Profit after tax, however,
Welspun Living Ltd (WLL), a global home textiles leader and part of the $3.6 billion Welspun Group, reported a total income of Rs 2,289 crore for Q1 FY26, registering an 11.6% year-on-year decline. The drop was largely attributed to tariff-related headwinds and cautious buying patterns by global retailers, which affected export performance. However, the company’s […]
Sportking India Limited, one of India’s leading textile conglomerates, reported a 10.4% year-on-year rise in net profit to Rs 35.2 crore for Q1 FY26, supported by margin expansion despite lower revenues. Revenue from operations stood at Rs 585.8 crore, down 7.6% YoY, though exports rose 18% YoY, contributing nearly 58% of total sales. EBITDA came […]
U.S. President Donald Trump has announced a 25% tariff, along with an unspecified penalty, on Indian imports starting August 1, 2025, citing India’s continued defense and energy ties with Russia. In a sharply worded statement, Trump criticized India for maintaining strong military and energy relations with Moscow, calling it “Russia’s largest buyer of energy” and
The GST Council may soon consider a proposal to impose a uniform 12% Goods and Services Tax (GST) across the entire textile value chain before September, as part of the next phase of tax reforms, a senior government official told Moneycontrol. Currently, cotton is taxed at 5%, yarn at 12%, and synthetic fibres and their […]
A new sustainability initiative aimed at enhancing the global competitiveness and resilience of Sri Lanka’s apparel industry has officially launched with strong backing from both national and international partners. The Improving Transparency for Sustainable Business (ITSB) program, introduced jointly by the Global Reporting Initiative (GRI) South Asia, Sri Lanka
The South India Garments Association (SIGA) has urged the Karnataka government to establish a Special Economic Zone (SEZ) dedicated exclusively to small and medium textile enterprises (SMEs) in the state, citing the lack of infrastructure support despite the sector’s significant contribution to employment and state revenue. Speaking on Saturday, Anurag Singhla, President
PT Asia Pacific Fibers Tbk, one of Indonesia’s leading polyester manufacturers, has laid off approximately 1,802 employees following the temporary closure of its polyester and fiber manufacturing plant in Karawang in November 2024. The company cited severe financial strain and deteriorating market conditions as key reasons for the move. According to the company’s
Mizoram Chief Minister Pu Lalduhoma on July 22nd participated in a virtual meeting of the High-Level Task Force on Handloom & Handicraft, chaired by Nagaland Chief Minister Pu Neiphiu Rio. The task force, set up under the Ministry of Development of North Eastern Region (DoNER), aimed to strengthen and revitalize the handloom and handicraft sector, […]
Intertextile Shanghai Home Textiles – Autumn Edition 2025, Asia’s premier home textile trade fair, is set to return from 20–22 August 2025 at the National Exhibition and Convention Center in Shanghai with a reimagined fringe programme aimed at reshaping the future of home furnishings. Organized by Messe Frankfurt (HK) Ltd, the Sub-Council of Textile Industry, […]





















