Fabrics

Raymond Lifestyle Q2 results: Profit slides 70%, revenue at Rs 1,708 cr

During the quarter, Raymond Lifestyle's revenue from the Textile segment, which consists of the branded fabric business of the company, was down 8.48 per cent to Rs 853.52 crore

Arvind Retailers Q2FY25 results: Pre-tax profit rises 19% to Rs 135 crore

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9 per cent

Complex procedures, import restrictions hurt garment export growth: GTRI

Issues like complex procedures of DGFT and customs, import restrictions and domestic vested interests are holding up the export growth of the Indian garment sector, think tank GTRI said on Sunday. At the root of the exporters' problem is difficulty in obtaining quality raw fabric, particularly synthetic fabric, the Global Trade Research Initiative said. "Unlike in Bangladesh and Vietnam, where exporters easily access quality imported fabrics, Indian exporters struggle daily. High import duties on fabrics, coupled with DGFT (Directorate General of Foreign Trade) and Customs; intricate procedures, force exporters to meticulously account for every inch and type of fabric imported," GTRI founder Ajay Srivastava said. He added that the imposition of mandatory quality norms on raw materials like polyester and viscose staple fibres is complicating imports as the BIS (Bureau of Indian Standards) slowly registers foreign suppliers, and this delay compels exporters to buy from domestic ...

Fabric maker Raymond to add over 100 stores of ethnic wear brand in FY25

Leading textile and fabric manufacturer Raymond has plans to add over 100 stores of its ethnic wear brand 'Ethnix by Raymond', the latest annual report of the company said. Raymond, which has introduced Ethnix format couple of years ago as a brand for occasions and celebrations, now has over 114 stores. The company intends to fuel growth with 'Ethnix By Raymond' as it taps into the exponentially growing segment of ethnic wear in India, it said. "As the Indian weddings are getting glitzier and people are celebrating the various occasions, we have expanded are our store footprint by taking Ethnix by Raymond to the length and breadth of the country," Chairman and Managing Director Gautam Hari Singhania said while addressing shareholders. Ethnix business is already contributing to the topline of the branded apparel segment of Raymond with its strong performance. "Going forward we will open more doors for this category and will be celebrating with Bharat by adding 100+ of new stores of

Discussed moving fabs out of Taiwan, but move impossible, says TSMC

Chairman C.C. Wei said that given 80 per cent-90 per cent of its production capacity is in Taiwan, it would be impossible to move the factories

A-I takes cognizance of fabric issues flagged in new cabin crew uniforms

Air India has received feedback on the new cabin crew uniforms, including about fabric issues, and will soon start their production for all the cabin crew after taking into consideration the inputs, according to people in the know. In December, the Tata Group-owned airline unveiled the new uniforms, designed by Manish Malhotra, for its cabin and cockpit crew. Initially, the uniforms were introduced with much fanfare for crew members of the carrier's A350 aircraft. When contacted, an Air India spokesperson on Monday said production programme for the uniforms for all its cabin crew members will start in about a week's time. Two persons in the know said there are some issues with the fabric used for the new uniforms, including that colour was fading fast. Another person said the feedback on the uniforms will be taken into consideration before starting production for all crew members. "Air India can confirm that the uniform sizing and production programme for our over 8,000-strong ca

19 workers injured as gas furnace explodes at Pune fabrication unit

As many as 19 workers were injured after a gas furnace exploded in a powder coating and fabrication unit in Maharashtra's Pune, an official said on Wednesday. The incident took place at the manufacturing set-up in the Hinjawadi area of Pimpri-Chinchwad on Tuesday evening, he said. Police said the gas furnace at the unit exploded, dispersing metal parts kept inside it in all directions. A total of 19 workers suffered burns after the hot metal parts flung from the furnace fell on them, he said. A case has been registered against the proprietor and management of the unit for alleged negligence.

Tiruppur's sustainable fashion materials gain traction in global market

Seeing interest from Primark, Marks & Spencer, Tesco, Decathlon

Blanket rule for winter: What you need to be covered for the season

The market has multitude of choices: pick a blanket that will last long and is not cumbersome

Engineering company Fabrication Bazar raises Rs 7 cr in seed round

Fabrication Bazar, which was founded in 2016 by Dwaipayan Dutta and Mohit Garg, has developed a cloud fabrication and tracking platform for manufacturing

New polymer coating for clothes may keep Covid, bacteria at bay

Canadian researchers have developed an inexpensive, non-toxic coating for almost any fabric that decreases the infectivity of the virus that causes Covid-19 by up to 90 per cent

Textile demand momentum to continue in FY23: India Ratings

The ratings agency cited that reduction in logistics issues for export demand will aid in keeping healthy demand

Raymond Q3 net profit at Rs 101.07 crore, income rises 48.25%

Raymond Ltd on Tuesday reported a multifold jump in its net profit to Rs 101.07 crore for the third quarter ended in December 2021. The company had posted a net profit of Rs 22.18 crore during the October-December of the previous fiscal, Raymond said in a regulatory filing. Its revenue from operations was up 48.25 per cent to Rs 1,843.39 crore during the quarter under review as against Rs 1,243.44 crore in the corresponding period of the previous fiscal. According to the company, it has reported "highest profitable quarter in last 10 years" and its revenue is now "100 per cent of pre-Covid levels". Commenting on the result, Raymond Chairman & Managing Director Gautam Hari Singhania said: "With our focused approach on capitalizing on the growing demand for our products and continued cost optimization, we delivered record profitability. We generated free cash flows to reduce debt and are progressing towards being a net debt free business." Raymond's total expenses were at Rs ...

NAEC seeks govt help to contain high cotton yarn cost, boost fabric exports

The Noida Apparel Export Cluster (NAEC) on Sunday sought immediate intervention of the government in containing high cost of cotton yarn and fabrics, saying rising prices are impacting exporters

Second Covid-19 wave expected to disrupt fabric demand: Ind-Ra

Key destination countries for exports are grappling with a second wave of pandemic

Govt permits exports of certain non-woven fabrics used for making masks

However, export of melt blown fabric of any GSM (grams per square metre) continues to be banned

Companies pitch 'coronavirus-proof' clothes, as doctors seek evidence

Textile firms get international partners for fabric technology, stitch up clothing line for the pandemic

Scientists design fabrics that can store charge for smart clothes

The method uses a micro-supercapacitor and combines vapour-coated conductive threads with a polymer film