Financial Results

Inditex Q12024: Strong Operating Performance

July 9, 2024

Inditex’s robust operating performance in Q12024 is attributed to the creativity of its teams and the effective execution of its integrated business model. The Spring/Summer collections were well received, leading to a 7.1% sales increase, reaching €8.2 billion. Sales in constant currency

Corporates

Indorama Ventures Names New Leaders For CPET Segment

July 7, 2024

Indorama Ventures Public Company Ltd, a global leader in sustainable chemicals, has announced new leadership appointments for its Combined PET (CPET) segment. Effective July 1, 2024, Yashovardhan Lohia will assume the role of Executive President of Petchem Special Projects. Concurrently, Muthukumar Paramasivam and Kumar Sambhaw Ladha have been appointed as Co-Presidents of

Corporates

Inditex Expands Into Uzbekistan, Resumes Operations In Ukraine

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 €4.9 billion, with a gross margin of 60.6%. Operating expenses grew […]

Financial Results

Grasim Industries Achieves Highest-Ever Revenue And EBITDA In FY24

May 26, 2024

Grasim Industries Ltd has reported its highest-ever consolidated revenue of Rs 1,30,978 crore for the financial year ending March 31, 2024, marking an 11% year-on-year increase. This achievement is attributed to the robust performance across its diversified business portfolio, particularly in building materials and financial services. The company’s consolidated

Financial Results

Arvind Ltd Reports Strong Q4 FY24 Performance

May 12, 2024

Arvind Ltd has announced robust operational and financial performance in Q4 FY24, reflecting the success of its strategic initiatives amidst global challenges. The highlights include: Financial Performance (YoY): Overall revenues reached Rs 2075 cr, marking a solid 10% growth. Record EBITDA of Rs 243 cr, surge by 27%, with a margin increase to 11.7%. PAT […]

Sustainability

RSWM’s Biofuel Revolution: A Step Towards Sustainable Manufacturing

April 14, 2024

RSWM Ltd, under the leadership of Joint Managing Director Brij Sharma, is embarking on an journey towards sustainability and green initiatives, marking significant strides in environmental responsibility. Embracing a holistic approach, RSWM is shaping a greener and more sustainable future. The company’s comprehensive sustainability strategy encompasses six key

Corporates

Texana’s US$ 20 Mn Investment To Create 4000 Jobs In Karnataka & AP

April 14, 2024

Texana, a joint venture between leading apparel manufacturing giants Texport Industries Pvt Ltd (India) and Busana Apparel Group (Indonesia), is poised to make significant strides in the industry. With plans to establish 2000 machines across two greenfield independent units in Shiggaon, Karnataka, and Kadapa, Andhra Pradesh, the venture is set to create over 4000 new […]

Sustainability

Better Cotton Pakistan Teams Up With FPCCI For Sustainability

March 24, 2024

Better Cotton Pakistan has signed a Memorandum of Understanding (MoU) with the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to advance the adoption of Better Cotton across the country. The FPCCI, representing over 270 domestic trade bodies, plays a pivotal role in promoting economic activities and advocating for the private sector’s interests

Tete-A-Tete

Our JourneyOf 50 Years Is AMomentous Occasion For Us

March 4, 2024

Being three times larger than our closest competitor is a testament to the trust our customers place in us, states Jagan Mohan Balaji  How would you describe the market performance for your company in India last year, and what are your projections for this year? The market has presented its challenges over the past few […]

Tete-A-Tete

There Is An Urgent Need To Create Sustainable Yarn To Address Global Warming

February 13, 2024

Indian textile spinning has modern machineries and very good work practices to produce good quality cost-effective high-quality yarn, says Kiran Hanchate, in conversation with Henry Dsouza, the Associate Editor of Textile Insights. How has technology in the spinning industry evolved over two decades and what kind of impact did it have on productivity and quality? […]