Corporates

WFB Baird Signs MoU With Tamil Nadu Government For Wet Spinning Facility

Textile Insights August 17, 2026

WFB Baird & Company has signed a Memorandum of Understanding (MoU) with Guidance, Government of Tamil Nadu, to establish a wet spinning manufacturing facility in the state. The MoU was signed in the presence of the Chief Minister of Tamil Nadu, marking a significant step in the company’s

Financial Results

Grasim’s Cellulosic Fibres And Chemicals Drive Strong Q1 FY27 Performance

Textile Insights August 12, 2026

Grasim Industries reported a strong performance in its core Cellulosic Fibres and Chemicals businesses during the first quarter of FY27, supported by favourable market conditions, improved product mix and higher realisations. The company’s consolidated revenue rose 21% year-on-year to Rs 48,716 crore, while EBITDA increased 26% to a record Rs 8,077 crore. The Cellulosic

Financial Results

Garment Mantra’s Export Order Book Reaches Rs 230 Crore

Textile Insights August 3, 2026

Garment Mantra Lifestyle Ltd reported strong growth in the first quarter of FY27, supported by robust domestic demand and a growing export business. The company posted consolidated revenue of Rs 61.97 crore during Q1 FY27, registering a year-on-year growth of 66.77 per cent. EBITDA stood at Rs 4.40 crore, up 5.27 per cent from the […]

Financial Results

GHCL Textiles Reports Strong Q1 FY27 Growth; PAT Jumps 191%

Textile Insights August 3, 2026

GHCL Textiles reported a strong financial performance for the first quarter of FY27, driven by growth in value-added products, operational efficiencies and expanding vertical integration. The company’s standalone revenue rose 52 per cent year-on-year to Rs 410 crore in Q1 FY27, compared to Rs 270 crore in the corresponding quarter last year. EBITDA increased 116 […]

Corporates

Borana Weaves Secures Approval Under PLI Scheme Round 3 For MMF Fabrics

Textile Insights July 6, 2026

Borana Weaves Ltd has received approval from the Ministry of Textiles to participate in Round 3 of the Production Linked Incentive (PLI) scheme for textiles under the Man-Made Fibre (MMF) fabrics segment in the Part-2 category. The approval follows the company’s selection on June 16, 2026, and its subsequent confirmation to establish a separate project […]

Financial Results

Mafatlal Industries Reports Highest-Ever 9-Month Revenue In Q3 FY25

Textile Insights February 11, 2025

Mafatlal Industries Ltd, a legacy player in the Indian textile industry, announced its unaudited financial results for the quarter and nine months ending December 31, 2024. The company reported a remarkable 116.7% year-on-year growth in revenue from operations for Q3 FY25, reaching Rs 910.2 crore, compared to Rs 420.1 crore in Q3 FY24. For the […]

Economy

Union Budget 2025-26: A Transformational Push For Textiles, MSMEs, Agriculture And Exports

Textile Insights February 1, 2025

Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26, introducing a series of bold reforms and sector-specific initiatives aimed at bolstering India’s textile industry, MSMEs, exports and agriculture, while implementing tax relief measures to increase disposable income and stimulate economic growth. With a strong focus on self-reliance, domestic

Policies

Textiles Minister Reviews PLI Scheme Progress

Textile Insights August 22, 2024

Union Minister of Textiles, Giriraj Singh met the beneficiaries of the Production Linked Incentive (PLI) Scheme for MMF apparel, fabrics, and technical textiles on 20th August in New Delhi. The participants shared their ongoing commitment, successes, experiences, feedback, and challenges related to the scheme. Giriraj Singh confirmed the Government’s dedication to

Export

Vietnam Garment Exports Rise, Challenges Remain

July 18, 2024

The garment and textile industry anticipates robust growth in the latter half of 2024, driven by increasing orders and improving consumer demand. Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association, expressed optimism as many enterprises have secured orders for October and November. This positions them to strive towards meeting the export target […]

Industry

T&A Sector’s Wish-list From The Upcoming Budget

July 10, 2024

Highlights of the industry recommendations:  Removal of import duty from all varieties of cotton Increase the BCD on MMF yarn from the present 5% to 10%. Exempt varieties of textile raw material (fibre and yarn) which are not available domestically from the scope of Quality Control Orders (QCOs) Statutory/regulatory measures to curb cheap imports of […]