Corporates

Inditex Expands Into Uzbekistan, Resumes Operations In Ukraine

Textile Insights June 12, 2024

In Q1 2024, Inditex achieved robust operating results, driven by team creativity and the execution of its integrated business model. The Spring/Summer collections were well-received, with sales increasing 7.1% to €8.2 billion and a constant currency growth of 10.6%. Gross profit rose 7.3% to

Financial Results

Filatex India Announces Q4FY24 & FY24 Audited Results

Textile Insights May 5, 2024

Filatex India Ltd, a leading manufacturer of synthetic filament yarns, reported its audited results for Q4FY24 & FY24 on April 30, 2024. Filatex reported revenue of Rs 1,026 crore in Q4FY24 (Rs 1,083 cr in Q3FY24), EBITDA of Rs 64.6 cr (vs. Rs 74.7 cr), Profit Before Tax of Rs 47.2 cr (vs. Rs 25.2 […]

Financial Results

Raymond Achieves Record Annual Revenue, Posts Highest-Ever EBITDA

Textile Insights May 5, 2024

Raymond Ltd announced its audited financial results for the year ended March 31, 2024, achieving its highest-ever annual revenue of Rs 9,286 cr and EBITDA of Rs 1,575 cr, with an EBITDA margin of 17.0%. Despite challenges in the lifestyle business, Raymond maintained double-digit revenue growth of 11% in FY24 compared to the previous year, […]

Financial Results

Eastman Chemical Company Announces Strong Q1 2024 Financial Results

Textile Insights April 28, 2024

Eastman Chemical Company announced its financial results for the first quarter of 2024, demonstrating robust sequential growth in both sales volume/mix and earnings. This impressive performance was primarily propelled by a resurgence in demand for specialty products within its advanced materials and additives and functional products segments. The company also achieved

Corporates

CanvaLoop Clinches Rs 2 Crore Deal For 4% Equity At Shark Tank India 3

Textile Insights April 7, 2024

An All Shark Deal For Sustainable Textile Innovation Shark Tank India 3 recently showcased an Ecopreneur Special episode, spotlighting sustainable and eco-friendly businesses. CanvaLoop, a bio-materials company founded by Shreyans Kokra and Nandini Sarraf Kokra, stood out among them. CanvaLoop’s innovative closed-loop technology converts agricultural waste such as

Apparel, Fashion, Retail

Mango Surpasses €3 Billion Turnover, Unveils 4E Plan For Future Growth

Textile Insights March 24, 2024

Mango, a prominent European fashion group, achieved a historic milestone in 2023, surpassing a turnover of €3 billion for the first time. With a 15% increase compared to 2022, reaching €3.104 billion, Mango’s differential value proposition propelled its remarkable growth. This milestone marks the beginning of a new era of expansion, coinciding with the unveiling […]

Financial Results

Oerlikon Group Faces Headwinds In Sales & Margins For Q3 2023

Textile Insights November 5, 2023

Oerlikon Group recently released its Q3 2023 financial results, revealing headwinds in sales and margins due to challenging market conditions. During the third quarter, Oerlikon Group experienced a 25.8% drop in order intake to CHF 567 million, mainly attributed to a slump in demand in the polymer processing solutions segment. Sales also declined by 15.9% […]