Home Textiles

Use Of Sustainable MMCF In Home Textiles Gets Boost In Karur

Textile Insights December 7, 2023

Birla Cellulose, a manufacturer of sustainable cellulose fibres held a hub-meet in Tamil Nadu’s Karur, to explain potential of sustainable manmade cellulosic fibres (MMCF) in the home textiles sector. This meet which was attended by 175 home textile producers and exporters from the Karur

Event

MAG Solvics And A.T.E. Revolutionize Textile Testing In Panipat

Textile Insights December 3, 2023

In a collaborative effort, MAG Solvics and A.T.E. Group organized the “MAG Customer Day” in partnership with the Northern India Rotor Spinners Association, highlighting the latest advancements in textile testing technology. The event, held on November 3, 2023, saw the unveiling of MAG’s cutting-edge solutions – the HVT Genius 2 fully automatic fibre

Home Textiles

Indian Home Textile Companies Revenue To Rise 7-8% In FY’24

Textile Insights November 29, 2023

In a research note on the Indian home textiles industry, ratings agency ICRA expects revenues of its sample report companies to increase 7-8 percent year on year to Rs. 21,500 crores in the ongoing fiscal. Additionally the ratings agency also expects operating margins to improve 250-350 bps in the current fiscal. ICRA’s sample of four […]

Technical Textile & Nonwoven

MoT Boosts Technical Textiles With Grants And Academic Support

Textile Insights September 19, 2023

The Ministry of Textiles (MoT) has approved the “Startup Guidelines for Technical Textiles – Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT),” providing a grant-in-aid of up to Rs 50 lakh for a period of up to 18 months. This announcement was made by Rajeev Saxena, Joint Secretary Textiles, during a […]

Special Report

Indian Textile Chemicals To Piggyback On Textile Industry Growth

Textile Insights September 19, 2023

The Indian textile chemicals market is anticipated to grow significantly in the projected period 2028 due to increasing awareness of sustainable textile manufacturing practices, rising disposable incomes and increasing demand for textiles and apparel. India’s annual textile and apparel exports increased to USD 44.4 billion in 2022, a rise of 41% compared to previous

Home Textiles

Home Textiles Makers’ Revenue And Profitability To Rebound This Fiscal

Textile Insights September 19, 2023

Improved operating performance to keep credit outlook stable despite moderate capex Revenue of the home textile industry is set to rise 7-9% this fiscal after a ~15% fall last fiscal, as India regains global share following a correction in domestic cotton prices and restocking by big-box retailers in major markets abroad. The industry’s operating profitability […]

Event

IBIA EXPO: Elevating The Turkish Mattress Industry To Global Heights

Textile Insights September 8, 2023

Contributing to the mattress production sector, which has a potential worth of 40 billion dollars and employs around 25 thousand people, the Turkish mattress industry holds the 14th position in the global production and export rankings. In the broader bed sub-industry sector in Turkey, production is expected to reach 4 billion dollars by the end […]

Home Textiles

Welpsun India Aims To Be Debt-Free In Fiscal 2025-26

Textile Insights September 6, 2023

Welspun India, a major manufacturer and which exports 90 percent of home textiles production, plans to be debt-free by 2025-end and 2026-beginning. This was informed by Dipali Goenka, the Joint Managing Director and CEO of Welspun India, who also informed about the company’s plan to invest Rs 300 crore in various initiatives. “Welspun India is […]

Home Textiles

Operating Profit Of Home Textile Sector To Improve 150-200bps

Textile Insights September 4, 2023

Operating profitability of the Indian home textiles sector will improve 150-200 basis points to 14.0-14.5 percent, due to lower raw material costs and better operating leverage. In a report, Crisil Ratings added that despite improvement in operating profitability, they will still hover below pre-pandemic levels. The ratings agency also said that revenues from the home […]

Financial Results

Astounding Leap In Welpsun India’s Q1FY’24 Net Profit

Textile Insights August 2, 2023

Net profit at Welspun India, a major producer and exporter of home textiles leaped an astounding 957.68 percent year on year in the first fiscal quarter ended June 30, 2023. In a BSE filing, Welsun said it clocked a net profit of Rs 155.48 crore in the previous quarter versus Rs 14.70 crore for the […]