Page 3 - Textile Market

Textile firms set to spin their way to recovery in 2022: A CRISIL analysis

Credit outlook largely stable for cotton yarn and readymade garments players

ABFRL, KPR Mills and 4 more textile stocks can gain up to 15%. Check here

Shares of Arvind Limited have formed a "Golden Cross" symbolizing a positive outlook for the upcoming sessions, according to the daily chart

Textile maker Arvind posts Rs 71 crore net profit for September quarter

Leading textile manufacturer Arvind Ltd on Wednesday reported a consolidated net profit of Rs 71.06 crore for the second quarter ended September 2021, helped by volume growth across segments. The company had posted a net loss of Rs 5.86 crore during the corresponding quarter of the previous financial year, Arvind said in a regulatory filing. Its revenue from operations during July-September 2021 stood at Rs 2,115.14 crore, a jump of 62.05 per cent as against Rs 1,305.17 crore in the year-ago period. Arvind's total expenses were at Rs 2,016.71 crore, an increase of 53.19 per cent as against Rs 1,316.40 crore a year ago. "Volumes grew across all segments as post-COVID-19 demand stayed strong in both export and domestic markets. Input costs continued to increase sharply but were mostly offset by improved price realisation and higher efficiencies," said Arvind Ltd in a post-earnings statement. Its revenue from textiles was up 70.69 per cent to Rs 1,726.49 crore as against Rs 1,011.43

Textile trading comes to a standstill in Surat amid second Covid-19 wave

The second wave of the pandemic has hit the medium- and small-scale sector like a tsunami. The first of a five-part series looks at the crisis

Demand from Western markets helped Indian Textile sector stay afloat

Even during lockdown, the apparel industry witnessed a steady demand

PLI for man-made fibre, setting up textile parks to boost production: AEPC

Production Linked Incentive scheme for man-made fibre and the creation of seven mega textile parks in the country will help increase production and exports of the sector, AEPC said on Wednesday.

Himatsingka Seide, KPR Mill: Trading strategies for textile stocks

According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term

'Dukaan tech' start-ups help kirana stores and small traders go online

They are deploying easy-to-use platforms for SMBs, helping them go online in as little as 30 seconds

More flexibility for Surat diamond, textile markets but with conditions

Restrictions were imposed on the functioning of the two sectors last month as Surat witnessed a sharp increase in Covid-19 cases over the past few weeks

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

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

Coimbatore-based firm launches anti-viral fabric, eyes global market

The addition of HeiQ Viroblock to the company's manufacturing processes gives it another "formidable technology in the race to provide high tech, comfortable PPE solutions," Sundararaman said

Surat textile market urges govt to relax Covid norms to solve labour issues

Hundreds of thousands of migrant labourers who come to the city for work are involved in stocking sarees and dress materials in the godown and in loading the parcels which are sent to other states

Only 22% garment units running despite easing of lockdown, says survey

The units are mostly operating at 25% capacity, and many of them are making masks and PPEs to cash in on the Covid-19 market

Manpower shortage a challenge to ramp up textile production: Gokaldas MD

More than 50 per cent of the first quarter is lost from a production standpoint, but the company is hoping that it would be able to resume 100 per cent operations by June

Textile units to see 25% spike in production costs due to Covid compliance

Some plan to operate at 50% capacity, due to huge inventory piled up with distributors and retailers before the lockdown

Coronavirus lockdown: Textile industry stares at Rs 12,000 crore loss

While the Covid-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown.

As coronavirus spreads, textile and garment exports may decline by 40%

The demand for textile products and also domestic sales have come down to a grinding halt due to the panic situation created by the outbreak of Covid-19.

ITF to focus on four core areas to improve overall business performance

ITF had submitted CRISIL Research report with a large sample size of 1,800 Spinning and RMG companies to the Textiles Ministry and requested for a financial restructuring package for needy units

Home textile exporters' body writes to PM, seeks release of pending rebate

"As the matter is still under consideration of the PM Office and we are hopeful that we will get a positive response at the earliest," HEWA Director Anant Srivastava told PTI

K Radharaman of the House of Angadi is reinventing the weave

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history