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Financial Results

Q2FY’24 Net Profit At Reliance Industries Shoots Up 29.9%

Textile Insights October 31, 2023

Net profit shot up 29.9 percent in the second fiscal quarter ended September 30, 2023 at Reliance Industries Ltd (RIL). However, gross revenues grew marginally by just 1.2 percent, both over a year ago quarter. In the three months to September 2023, net profit at Mukesh Ambani led RIL surged to

Technical Textile & Nonwoven

Freudenberg Unveils Thermal Insulation Products For Garments

Textile Insights October 30, 2023

Freudenberg Performance Materials Apparel, a manufacturer of technical textile solutions for the apparel industry has launched two advanced thermal insulation products made from low-level Bisphenol A (BPA) recycled PET fibres (rPET). “The two products, Down Feel WA 150LB and Fiberball WB 400LB have been launched under Comfortemp, Freudenberg’s thermal insulation brand,”

Machinery

Heberlein Showing Unique Air-Saving Weaving Solution At ITMA Asia

Textile Insights October 30, 2023

Heberlein a supplier of air interlacing and air texturing jets has developed a unique air-saving solution for a smooth and efficient weaving process which will be displayed at ITMA Asia in Hall 8.1, Stall A-43. According to the Swiss company, high-speed weaving and warp knitting demand yarns with smooth surfaces for efficient processing. “Special procedures […]

Apparel, Fashion, Retail

Home Ministry Meeting To Discuss ‘One Nation, One Police Uniform’

Textile Insights October 30, 2023

A meeting of various Indian textile research associations and other government departments is being organised on November 10 to discuss the issue of ‘One Nation. One Police Uniform’ suggested by PM Modi one year back. Following the idea mooted by PM Modi, the Ministry of Home Affairs had formed a panel of various government departments […]

Machinery

Ahmedabad Textile Process Units Veer Towards Digital Printing

Textile Insights October 30, 2023

Ahmedabad based standalone textile process and printing factories are installing digital textile printers, even though they are faced with slowdown in demand since the last one year. “Cotton price volatility has impacted the entire value chain, leading to fewer orders, making us wary of holding significant inventories,” Naresh Sharma of the Ahmedabad Textile Processors’

Machinery

Sedo Treepoint Showing Sedomat 8000 & 6007 At ITMA Asia

Textile Insights October 30, 2023

Sedo Treepoint, a supplier of integrated automation systems, data acquisition, colour management and control systems for the textile dyeing and finishing industry will exhibit at ITMA Asia in Hall 5, Stall C-25. The German company will be showing the Sedomat 8000 and 6007 series in interaction with the latest innovative jet and yarn software as […]

Corporates

Aditya Birla Group’s TMRW Invests Rs 155 Crore In TIGC Fashion Brand

October 29, 2023

TMRW House of Brands, a venture of the Aditya Birla Group, has expanded its brand portfolio by investing Rs 155 crore in a partnership with the fashion brand The Indian Garage Co. (TIGC), the company announced in a press release on Thursday. Prashanth Aluru, co-founder of TMRW, expressed excitement about this partnership, stating, “We are […]

Corporates

Sagar Manufacturers Expands Yarn Production With New Unit

October 29, 2023

Sagar Manufacturers Pvt Ltd (SMPL) has achieved a significant milestone with the installation of Unit-6, equipped with approximately 40,000 spindles. This new unit specializes in producing cotton/polyester yarn with a focus on 100% blow-room blend yarn, utilizing state-of-the-art automated machinery. The introduction of Unit-6 at SMPL represents a strategic move in the

Financial Results

Century Textiles Reports Q2 Net Loss Of Rs 30 Crore

October 29, 2023

Century Textiles and Industries Limited recently reported its financial results for the quarter ending in September. Unfortunately, the company faced a challenging quarter, reporting a net loss of Rs 30 crore ($4.2 million) in contrast to a net profit of Rs 72 crore during the same period in the previous year. The total income for […]

Financial Results

Atul Ltd’s Revenue And Profit Decline YoY In Q2FY24

October 29, 2023

Atul Ltd released its financial results for the second quarter of fiscal year 2024 on October 20, 2023. The company experienced a 19.74% year-on-year decrease in its total revenue, with a YoY profit decline of 40.15%. In comparison to the previous quarter, the company’s revenue saw a modest growth of 0.99%, while profit declined by […]

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