Apparel, Fashion, Retail

TMRW Invests Rs 125 Crore In Virat Kohli-Backed WROGN, Eyes Majority Stake

Textile Insights June 20, 2024

Aditya Birla Group’s modern brand conglomerate, TMRW, has acquired a 16% minority stake in the Virat Kohli-endorsed clothing brand WROGN for Rs 125 crore, with an option to increase to a majority stake in the future. With this investment, TMRW’s portfolio now includes eight Indian

Financial Results

Aditya Birla Fashion And Retail’s Net Loss at 37% In Q4FY’24

Textile Insights May 30, 2024

In the fourth quarter of fiscal 2023-24, net loss at Aditya Birla Fashion and Retail Ltd (ABFRL) stood at 37 percent and reached Rs 266 crore compared to Rs 195 crore in the comparable months of earlier fiscal. Revenue in the January to March period at the Aditya Birla Group company grew to Rs 3,407 […]

Financial Results

Century Textiles’ Net Profit Plummets 97% In Q4FY’24

Textile Insights May 12, 2024

Century Textiles & Industries Ltd posted a 97 per cent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 per cent to Rs 1,542 crore, up from […]

Financial Results

Net Profit At Century Textiles Plummets 97% In Q4FY’24

Textile Insights May 10, 2024

Century Textiles & Industries Ltd posted a 97 percent drop in net profit to Rs 4 crore for the fourth quarter ended March 31, 2024 compared to Rs 145 crore in the year ago quarter. However, revenues in the January to March 2024 quarter grew 60 percent to Rs 1,542 crore, up from Rs 965 […]

Corporates

Industry Veteran Vikram Rao Joins Resil Chemicals As Board Mentor

Textile Insights April 14, 2024

Resil Chemicals has announced the appointment of Vikram Rao as Mentor to its Board of Directors. Bringing with him a wealth of experience garnered from illustrious tenures at renowned organizations such as Coats, Arvind, Aditya Birla Group and N9 World Technologies, Rao has consistently transformed enterprises into diversified powerhouses throughout his distinguished

Corporates

ABFRL Demerging Madura Fashion Into Separately Listed Entity

Textile Insights April 3, 2024

Aditya Birla Fashion and Retail Ltd. (ABFRL) has planned to demerge its Madura Fashion & Lifestyle (MFL) division into a separate listed entity. The Aditya Birla Group company aims to create two growth engines with distinct value creation trajectories and a well articulated capital allocation strategy and parallel value creation opportunities. The MFL portfolio has

Tete-A-Tete

Century Enka Is Consistently Focused On Growth And Staying Ahead Of The Competition

Textile Insights March 4, 2024

One notable initiative Century Enka has undertaken globally is the production of recycled nylon tyre cord fabrics, which sets the company apart as the sole provider of this product internationally, states Ashish Malani  How has the experience been at Bharat Tex 2024? The government has truly excelled in bringing together the entire value chain of […]

Fibre

Birla Cellulose Shows Liva’s Sustainability At Bharat Tex

Textile Insights February 26, 2024

Liva, a leading fabric brand from Birla Cellulose is participating at Bharat Tex 2024 and will present its wide-ranging product portfolio and applications and its sustainable attributes. According to a press release, Liva is a high-quality sustainable fabric ideal for clothes, renowned for its fluidity, breathability, moisture-wicking properties, and resistance to

Financial Results

Aditya Birla Fashion & Retail Slips In To Q3FY’24 Loss

Textile Insights February 16, 2024

Aditya Birla Fashion & Retail Ltd (ABFRL), India’s major apparel retailer slipped in to a loss at Rs 77.87 crore in the third quarter of fiscal quarter ended December 31, 2023 Incidentally, the Aditya Birla Group company had reported net profit at Rs 15.79 crore in the third quarter of fiscal 2022-23. Total revenue in […]

Financial Results

Net Profit At Century Textiles Soars 855 Percent In Q3FY’24

Textile Insights February 3, 2024

Net profit at Century Textiles and Industries Ltd soared 855 percent to Rs 83.3 crore in the third quarter of the fiscal 2023-24, compared to Rs 8.72 crore in the corresponding quarter of the previous fiscal. The Aditya Birla Group’s company revenues in the three months to December 31, 2023 increased 8.8 percent to Rs […]