Textile News
Aditya Birla Group Stock: Century Textiles surges 14% in 2 days; what’s behind the sudden spike?
Century Textiles’ shares surged 8.2 percent to ₹2,689 after acquiring land in Worli for ₹1,100 crore. This acquisition is projected to generate ₹14,000 crore in booking value, contributing to the company’s real estate expansion.
2 min read11 Sep 2024Can India capitalize on ’Bangladesh Plus One’?
Customers may not fully replace Bangladesh or find alternative capacity immediately, but they may look for alternatives to reduce further dependence on Bangladesh.If the crisis continues, India can expect a 10-15% gain in the short to medium term on garment exports.
4 min read17 Aug 2024Winsome Textile Industries Q1 Results Live: Profit Rises by 49.24% YoY
Winsome Textile Industries Q1 Results Live: Revenue increased by 6.66% YoY & profit increased by 49.24% YoY
1 min read14 Aug 2024Bangladesh garment factories to western buyers: You can rely on us
The country’s apparel export industry is scrambling to reassure buyers after it was engulfed in once-in-a-generation political tumult.
4 min read11 Aug 2024Loyal Textile Mills Q1 Results Live: Loss rise by 39.1% YOY
Loyal Textile Mills Q1 Results Live: Revenue decreased by 31.6% YoY & loss increased by 39.1% YoY
1 min read11 Aug 2024When fashion’s fickleness put paid to Arvind’s denim dreams
Sanjay Lalbhai’s bold pivot to denim in the late 1970s transformed the struggling Arvind Group into a global powerhouse, riding the wave of a burgeoning fashion phenomenon.
3 min read10 Aug 2024Soma Textiles & Industries Q1 Results Live : profit rise by 200% YOY
Soma Textiles & Industries Q1 Results Live : Revenue increased by 29.91% YoY & profit increased by 200% YoY
1 min read8 Aug 2024Promoting a Sustainable Handloom Revival: Quality above Quantity
India’s handloom sector has emerged as a beacon of sustainability and slow fashion over the past few years. It is also known to provide employment to 3.5 million weavers and workers in rural and semi-rural areas across the country.
4 min read7 Aug 2024Bangladesh Protests: Textile stocks Gokaldas Exports, Arvind and 6 others jump up to 19% – here’s why
Shares of Gokaldas Exports surged by 19% in intraday trading today, reaching ₹1,095 each and breaking a five-day streak of declines. Other textile stocks, including KPR Mills, Vardhman Textiles, Welspun Living, S.P. Apparels and Nitin Spinners, also experienced rallies ranging from 5% to 17%.
3 min read6 Aug 2024Bangladesh crisis: Marico, VIP among stocks likely to be impacted amid political turmoil in neighbouring country
For most FMCG companies, except Marico, revenue from Bangladesh constitutes between 2% and 5% of their total income, indicating that the impact on overall margins may be limited.
4 min read6 Aug 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared