Financial Results

H&M Group Reports Strong Q2 Performance With 52% Increase In Profit

Textile Insights June 30, 2024

The H&M Group has reported a robust performance in the second quarter of 2024, with net sales increasing by 3% to SEK 59,605 million and gross profit rising by 11% to SEK 33,569 million. The company’s gross margin improved to 56.3% from 52.7% in the same period last year. Operating

Financial Results

Monte Carlo Fashions Reports FY24 Earnings Decline, Reveals Growth Plans

Textile Insights 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 […]

Financial Results

Page Industries Reports Strong Q4 Profit Boost, Up 38.1% YoY

Textile Insights May 24, 2024

Page Industries Limited, India’s leading apparel manufacturer, announced its financial results for the fourth quarter and the annual year ended March 31, 2024. In Q4 FY24, Page Industries achieved notable financial milestones. Sales volume grew by 6.1% year-over-year (YoY), reaching 45.3 million pieces. Revenue increased by 3.2% YoY to Rs. 9,954 million. EBITDA rose

Financial Results

Siyaram Silk Mills Resilient In Q4FY24 Despite Challenges

Textile Insights May 15, 2024

Textile Giant Expands Retail Footprint, Announces Dividend Siyaram Silk Mills Ltd., a leading producer of high-fashion textiles, has released its financial results for the fourth quarter and fiscal year ending March 31, 2024. Despite facing challenges in consumer demand and market conditions, the company has reported a steady performance. In Q4FY24, Siyaram Silk Mills

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

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

Financial Results

Himatsingka Sees Positive Growth In Q3 FY24 With 35.3% EBITDA Surge

Textile Insights February 4, 2024

In the quarter ended December 31, 2023, Himatsingka, a leading textile manufacturer, reported consolidated financial highlights showcasing both challenges and triumphs. The company’s consolidated total Income decreased by 3.3% YoY to Rs 725.10 crore compared to Rs 750.04 crore in Q3 FY23. EBITDA witnessed robust growth, surging by 35.3% to Rs 158.39 crore from Rs

Financial Results

Banswara Syntex Reports Subdued Performance In 9MFY24 Amidst Market Slowdown

Textile Insights February 4, 2024

In a recent announcement, Banswara Syntex Ltd, a leading textile company, disclosed its financial results for the first nine months of fiscal year FY24. Commenting on the results, Ravindra Kumar Toshniwal, Managing Director, remarked, “The second half of fiscal year FY24 has begun on a softer note, with challenges persisting, particularly on the demand side […]

Financial Results

Grasim Industries Reports Marginal Decline In Profits For Q2 FY2024

Textile Insights November 19, 2023

Grasim Industries Limited, a leading player in the textile industry, has announced its consolidated financial results for the quarter ended September 30, 2023, showcasing key insights into the company’s performance. The company’s total income for Q2 FY2024 stood at Rs 30,505.27 crore, reflecting a slight decrease from Rs 31,360.98 crore in Q1 FY2024. Net profit