Home Textiles

IKEA Launches Tyg: A Creative Revolution In Home Textiles

Textile Insights June 19, 2024

IKEA introduces Tyg, a innovative chapter in home textiles designed to ignite creativity and foster connections through fabric. Launching on July 1, 2024, Tyg offers 20 patterns crafted by 13 diverse designers, each reflecting Scandinavian modern design principles. These 3-meter pre-cut fabrics

Financial Results

Trident Ltd Net Profit Drops Sharply By 54.8% In Q4FY’24

Textile Insights May 22, 2024

In the fourth fiscal quarter ending March 31, 2024, net profit at Ludhiana based Trident Ltd dropped sharply by 54.8 percent over the same quarter in the previous fiscal to Rs 59 crore. However, revenue increased 6.9 percent from a year ago quarter in the Rajinder Gupta led textiles manufacturer to Rs 1,682 crore in […]

Home Textiles

Indo Count Honoured With Three Gold Trophies By Texprocil

Textile Insights May 21, 2024

Indo Count Industries was honoured with three Gold trophies at the Texprocil Export Awards ceremony, for its contribution to the export of cotton made-ups from India. The Texprocil Export Awards recognise the role played by the exporting community in developing and diversifying India’s exports of cotton textiles. Indo Count Industries clinched the Gold trophy for […]

Home Textiles

Intertextile Shanghai Home Textiles Marks 30th Anniversary

Textile Insights May 20, 2024

Intertextile Shanghai Home Textiles marks its 30th anniversary with returning pavilions and new product zones and will be held in Shanghai from August 14-16, 2024 With the brand present in China since 1995, increasing market demand, has contributed to the consistent upward trajectory of Intertextile Shanghai Home Textiles – Autumn Edition. “By utilising advanced

Home Textiles

Home Furnishings Brand Mytrident Launches New TV Campaign

Textile Insights May 17, 2024

Premium home furnishings brand MyTrident has brought together Bollywood actor Kareena Kapoor Khan and her mother in law Sharmila Tagore in a new television campaign. This collaboration highlights the harmonious relationship between a mother-in-law and daughter-in-law, marking a notable shift from the traditional narratives typically portrayed in brand campaigns. The duo

Financial Results

Welspun Living Ltd Achieves Record Revenues And Sustainable Growth In Q4 FY24

Textile Insights April 26, 2024

Welspun Living Ltd, a leading global player in home textiles and part of the Welspun Group, has announced its Q4FY24 results, marking a significant milestone in sustainable profitability and revenue growth. Balkrishan Goenka, Chairman of Welspun Group, expressed his satisfaction with the company’s performance, stating, “It is heartening to see the company achieving a

Corporates

NILIT And Shenma Industry Form Strategic JV In China

Textile Insights April 21, 2024

NILIT, the foremost provider of high-performance Nylon 6.6 fibres for the apparel industry, and Shenma Industry Co., Ltd., a subsidiary of China Pingmei Shenma Group and a leader in the industrial Nylon 6.6 market, have announced the establishment of a strategic joint venture. This partnership marks a significant milestone in expanding production capacity and fostering

Corporates

Trident Group Celebrating Mission Day in Honour of Workforce

Textile Insights April 16, 2024

The Trident Group with a mission to fostering an inclusive and empowering workplace for its employees commemorated its foundational milestone, Mission Day on April 15 in Sanghera and on April 18 in Budhni. “Mission Day holds a special place in Trident’s calendar as it serves as a moment to recognise and appreciate the relentless dedication […]

Sustainability

Trident Commissions World’s Fifth Largest Solar Project

Textile Insights March 23, 2024

Gensol Engineering has commissioned a 10.6 MW rooftop solar project for Trident Ltd. in Madhya Pradesh, which ranks among the top five biggest rooftop solar ventures globally. Gensol Engineering Ltd is a leading player in solar power EPC services and electric mobility and the solar rooftop project exceeds 70,000 square metres. “This project marks a […]

Economy

Domestic T&A Industry Likely To Turn Around On Global Demand Revival

Textile Insights March 10, 2024

The last ITMF Global Textile Industry Survey (GTIS) was conducted in January 2024. It revealed a significant improvement in the business climate, signaling a potential turning point driven by lower inflation rates, increased real wages and consumer sentiment in the USA, alongside expectations of interest rate cuts. Business expectations for July 2024 reached a peak […]