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Bangladesh Political Crisis Hits Bhilwara Textile Industry

Textile Insights August 15, 2024
The ongoing political turmoil in Bangladesh has severely impacted the textile industry in Bhilwara, Rajasthan. For years, Bhilwara has relied on Bangladesh as a major market, exporting around 50% of its yarn and denim to the country. The total annual export value of these goods is estimated at
Corporates

RSWM Launches “For All Reasons, For All Seasons” Campaign

Textile Insights August 14, 2024
RSWM Limited, a leading player in the textile sector and part of the LNJ Bhilwara Group, has introduced its new digital campaign, “For All Reasons, For All Seasons.” This initiative highlights RSWM’s six-decade legacy of enhancing Indian lives with premium textiles. The campaign features a poignant short film that illustrates how RSWM’s yarns and fabrics
Financial Results

Ambika Cotton Mills Q1 Profit Up 3.76% Despite Dip In Revenue

Textile Insights August 14, 2024
Ambika Cotton Mills announced its Q1 FY25 results on August 9, 2024, reporting a mixed performance. The company’s revenue declined by 5.79% year-on-year (YoY), but profit increased by 3.76% YoY. On a quarter-on-quarter (QoQ) basis, revenue saw a modest growth of 1.6%, while profit surged by 33.81%. The company also reported a slight increase in […]
Financial Results

Ganesha Ecosphere’s Q1 Profit Jumps 533%

Textile Insights August 14, 2024
Ganesha Ecosphere, a leading player in the PET bottle recycling industry, has posted remarkable financial results for the first quarter of the fiscal year 2024-25. The company’s consolidated profit surged by an impressive 533.76%, reaching Rs 22.55 crore for the April-June quarter, compared to Rs 3.45 crore in the same period last year. This stellar […]
Financial Results

BSL Ltd Revenue Up 2.1%, PAT Rises 1.8% In Q1 FY25

Textile Insights August 14, 2024
BSL Ltd, a leading textile company with fully integrated operations, has announced its unaudited financial results for Q1 FY25, ending June 30, 2024. The company posted a revenue of Rs 163.7 crore, marking a 2.1% increase year-on-year (YoY). Financial Highlights for Q1 FY25 (Rs in cr.): Revenue: Rs 163.7 cr., up 2.1% YoY EBITDA: Rs […]
Financial Results

Industry Recovery Boosts Margins Amid Global Challenges: Riju Jhunjhunwala

Textile Insights August 14, 2024
RSWM Ltd., one of India’s largest manufacturers of value-added synthetic, mélange, blended spun yarns, denim fabric, knitted fabric and green polyester fibres, has announced its unaudited financial results for Q1 FY25, ending on June 30, 2024. Financial Highlights for Q1 FY25 (Rs in cr.): Sales: Rs 1,208 cr., up 3.1% QoQ and 34.1% YoY Gross […]
Financial Results

Sutlej Textiles Reports Stable Q1, Wins Industry Awards

Textile Insights August 14, 2024
Sutlej Textiles and Industries Ltd has announced its financial results for the quarter ending June 30, 2024. For Q1FY25, the standalone total income remained stable at Rs 659 crore, consistent with Q4FY24, and down 0% from FY24. EBITDA was Rs 26 crore, with a margin of 4.0%, up from Rs 17 crore and 2.6% in […]
Financial Results

Banswara Syntex’s Fabric Revenue Up, Yarn and Garment Revenue Down

Textile Insights August 14, 2024
Banswara Syntex Ltd reported a total income of Rs 275 crore for the quarter, with an EBITDA of Rs 17 crore, PBDT of Rs 13 crore and a PAT of Rs 1 crore. The Yarn division’s revenue fell to Rs 100 crore, while the Fabric division saw an increase to Rs 113 crore. In contrast, […]
Financial Results

Grasim’s Consolidated Revenue Grows 9% In Q1FY25

Textile Insights August 14, 2024
Grasim Industries Ltd reported its financial results for the quarter ended 30th June 2024. The company’s consolidated revenue reached Rs 33,861 cr., marking a 9% increase YoY, driven by strong performance across its diversified business portfolio, including cellulosic staple fibre, building materials and financial services. Key Financial Metrics: Consolidated Revenue: Rs
Corporates

Indorama Ventures To Close PTA Plant In Montréal-Est

Textile Insights August 14, 2024
Indorama Ventures’ Combined PET business segment has announced plans to discontinue operations at its Purified Terephthalic Acid (PTA) plant in Montréal-Est, Montral, Canada with preparations for the closure set to begin in September 2024. This decision follows significant shifts in the polyester industry, notably due to new constructions and ongoing overcapacity in
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    Indian Textile Industry Trends For 2024 & Beyond

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