News - Textile Insights - Page 338

Corporates

Rieter Issues CHF 65 Million Bond

Textile Insights October 31, 2024

Rieter has successfully placed a CHF 65 million bond with a five-year term and a 3.5% coupon rate. The net proceeds will support general corporate purposes, enhancing Rieter’s financial flexibility and extending its debt maturity profile. “This bond not only diversifies our investor base

Financial Results

Mafatlal Industries Q2 Revenue Jumps 222%, H1 Revenue Up 61.9%

Textile Insights October 30, 2024

Mafatlal Industries Limited, a long-established player in the Indian textile industry, has announced its unaudited financial results for the quarter ended September 30, 2024. The company reported a significant year-on-year revenue growth of 222.6% for Q2FY25, reaching Rs 995.5 crore, while revenue for H1FY25 rose by 61.9% to Rs 1,447.3 crore. Financial Performance The

Financial Results

KKCL Profit Surges 36% In Q2 FY25

Textile Insights October 30, 2024

Kewal Kiran Clothing Limited (KKCL), a prominent Indian lifestyle brand company with a strong presence across Menswear, Womenswear, and Kidswear categories, announced its audited financial results for the quarter and half year ended September 30, 2024. In Q2 FY25, KKCL’s consolidated revenue from operations rose by 17.4% to Rs 308.2 crore, compared to Rs 262.5 […]

Financial Results

Arvind Limited Reports Strong Recovery In Q2 FY25, Expects Continued Growth In H2

Textile Insights October 29, 2024

Arvind Limited has announced its financial results for the second quarter and half-year ended September 30, 2024, demonstrating a solid recovery from the challenges faced in Q1 FY25. The company achieved improved operational performance across segments, supported by stable raw material costs and an optimized product mix, despite ongoing geopolitical uncertainties and

Financial Results

Welspun Living Hits Record Highs In Q2 FY25 With 15.5% Revenue Growth

Textile Insights October 29, 2024

Welspun Living Limited (WLL), a global leader in home textiles, has achieved its highest-ever quarterly revenue in Q2 FY25, driven by strong performance across emerging businesses and a strategic focus on branding, innovation, and sustainability. The company reported a total income of Rs 29,360 million, reflecting a 15.5% year-over-year (YoY) growth. EBITDA rose by 7.5%

Event

TEXPROCIL Honors LMW: A Testament To LMW’s Unwavering Commitment To The Textile Industry

Textile Insights October 28, 2024

LMW Stands Out with ‘Vastra Vibhushan’ Award for Advancing Spinning Technology in India at TEXPROCIL’s 70th Jubilee Celebration LMW has been honored with the prestigious ‘Vastra Vibhushan’ Technology Award by the Cotton Textiles Export Promotion Council (TEXPROCIL) in recognition of the company’s exceptional contribution to advancing the spinning sector in India. The

Product Launch & Innovation

PUMA And Pamela Reif Launch Athleisure Collection

Textile Insights October 28, 2024

Global sports company PUMA has partnered with fitness influencer Pamela Reif to unveil a new athleisure collection inspired by the dynamic energy of volcanoes. This collaboration aims to empower women by blending strength and confidence in stylish, functional apparel. Showcased against the stunning landscapes of the Canary Islands, the collection redefines athleisure with

Cotton

Better Cotton Pakistan Signs MoU With Mahmood Group and CCRI For Sustainable Cotton Production

Textile Insights October 28, 2024

Better Cotton Pakistan has signed an MoU with Mahmood Group and the Central Cotton Research Institute (CCRI) to enhance the production and adoption of Better Cotton. Over the next three years, Mahmood Group will fund training for CCRI, aiming to establish it as an official Better Cotton Programme Partner, supporting around 8,000 farmers in Multan. […]

Corporates

Vinted Completes €340 Million Secondary Share Sale

Textile Insights October 28, 2024

Vinted, Europe’s leading second-hand C2C marketplace for fashion, has successfully completed a €340 million secondary share sale, valuing the company at €5 billion. This transaction, led by TPG (NASDAQ: TPG), a prominent global alternative asset manager, acknowledges the contributions of employees and early investors to Vinted’s growth and positions the company

Financial Results

LVMH Q3 Revenue Falls 3% To €19.08 Billion

Textile Insights October 28, 2024

LVMH Group, reported its third-quarter 2024 revenue at €19.08 billion, down 3% year-over-year and below analyst expectations of €20.05 billion. Year-to-date revenue from January to September remained unchanged at €60.8 billion. Analysts noted that LVMH’s sales fell short across all segments. The fashion and leather goods division, which includes brands like Louis

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