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Financial Results

Vipul Organics Sees Bright Future Amid Sectoral Growth: Vipul Shah

May 31, 2024

Vipul Organics Limited, a leading specialty chemicals company in the pigments and dyes segment, has announced its annual results for FY24 with impressive growth and promising outlooks across various fronts. Total revenues for FY24 reached Rs. 15,099.30 lakhs, up by 12.68% from the previous

Financial Results

Globe Textiles Reports 127.65% Rise In Net Profit For FY24

May 31, 2024

Globe Textiles India Ltd, a prominent textile exporter of fabrics and garments, announced its financial results for Q4 and the full fiscal year 2023-24, demonstrating robust performance driven by strong demand, operational efficiencies, and strategic market expansion. For Q4 FY24, the company reported overall revenues of ₹43,100.39 lakhs, a 107% increase year-over-year,

Corporates

Garment Brand Libas Bags Rs 150cr Funding From ICICI Venture

Textile Insights May 31, 2024

Omni-channel retailer and ethnic wear brand Libas has successfully closed its first external funding round and bagged an investment of Rs 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range […]

Industry

Turkish Company To Set Up 7.2mn Jeans Pieces Unit In Egypt

Textile Insights May 31, 2024

Egypt’s General Authority of the Suez Canal Economic Zone (SCZONE) signed land contract with Eroglu Egypt for a 65,000-square metre area. The contract aims to establish the Eroğlu Egypt’s readymade garments factory in the Qantara West Industrial Zone at a total investment of $40 million. “This factory, which is expected to create over 3,000 jobs, […]

Industry

Ichalkaranji Textile Sizing Units Warn Of Going On Strike

Textile Insights May 31, 2024

Textile sizing unit owners of Ichalkaranji have warned that they will go an indefinite strike due to pressure from the Maharashtra Pollution Control Board (MPCB). Textile sizing unit owners of Ichalkaranji have alleged that the pressure from MPCB will leave no alternative but to shutdown their operations. At a meeting organised by the local textile […]

Home Textiles

Chinese Home Textile Exports Grow Above Pre-Pandemic Levels

Textile Insights May 31, 2024

In the first four months of current year, Chinese home textile exports totaled US $10.12 billion, a marginal increase of 0.8 percent year on year, but still up 28.3 percent over the same period in 2019. Export of bedding products between January and April 2024 was $4.41 billion, growing by 1.6 percent over a year […]

Sustainability

Bangladesh Adds 12 More LEED Certified Garment Units In 2024

Textile Insights May 31, 2024

In the first five months of ongoing year, 12 more Bangladesh garment factories bagged the LEED certification, bringing the number of Bangladeshi LEED certified apparel factories to 218. LEED (Leadership in Energy and Environmental Design) is a globally recognised green building rating system that emphasises environmental responsibility and energy efficiency. “This recent

Financial Results

Harish Textile Engineers Slips Into Q4FY’2024 Net Loss

Textile Insights May 31, 2024

Mumbai headquartered Harish Textile Engineers slipped in to a loss in the fourth fiscal quarter ending March 31, 2024. However, the company reported an increase in sales in the same quarter. The textile machinery manufacturer reported a net loss of Rs 0.86 crore in the January to March 2024 quarter compared to profit of Rs […]

Financial Results

Monte Carlo Fashions Reports FY24 Earnings Decline, Reveals Growth Plans

May 31, 2024

Monte Carlo Fashions Limited, a leading lifestyle apparel brand in India, announced its financial results for the fourth quarter and full fiscal year ending March 31, 2024. Despite facing challenges, the company continues to demonstrate a strong market presence and strategic growth initiatives. In Q4-FY24, the company reported revenue of INR 2,065 million, a decline […]

Technical Textile & Nonwoven

Asia Nonwovens Technology Expo Debuts In Bangkok From Nov 13

Textile Insights May 30, 2024

The Asia Nonwovens Technology Expo (ANTEX Asia) 2024, which will be the largest nonwovens show in Southeast Asia and the ASEAN region, is set to debut from November 13-15, 2024 in Bangkok, Thailand. ANTAX Asia will show sustainable and emerging technologies and has a goal of attracting over 200 exhibitors and 4,000 attendees from 20 […]

Vipul Organics Sees Bright Future Amid Sectoral Growth: Vipul Shah

Globe Textiles Reports 127.65% Rise In Net Profit For FY24

Garment Brand Libas Bags Rs 150cr Funding From ICICI Venture

Turkish Company To Set Up 7.2mn Jeans Pieces Unit In Egypt

Ichalkaranji Textile Sizing Units Warn Of Going On Strike

Chinese Home Textile Exports Grow Above Pre-Pandemic Levels

Bangladesh Adds 12 More LEED Certified Garment Units In 2024

Harish Textile Engineers Slips Into Q4FY’2024 Net Loss

Monte Carlo Fashions Reports FY24 Earnings Decline, Reveals Growth Plans

Asia Nonwovens Technology Expo Debuts In Bangkok From Nov 13

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