With Eid-ul-Fitr fast approaching, the textile market in the city is abuzz with activity, fueled by high retail demand and indicating a bullish trend for the upcoming festival season. Traditionally, order cycles run around four months ahead of each season, and processing houses in Ahmedabad, a prominent cotton textile hub, boast capacities capable of producing […]
Indian retailer Arvind on Tuesday revenue a revenue dip for the fifth consecutive quarter. Low woven product pricing and decreasing denim demand have affected the market. The Bengaluru-based firm, which owns and licences brands like as Tommy Hilfiger and Calvin Klein, said its consolidated revenue from operations declined 4.6 per cent to 18.8 billion rupees in […]
Talking about the domestic cotton spinning industry, the rating agency Icra in a report has said that the demand for the industry is likely to improve by close to 12-14 per cent in volume terms in FY2024 every year. The report added that yarn exports are likely to increase by a sharp 85 to 90 […]
Amid the fear of an economic slowdown due to supply chain disruptions and geopolitical crisis across the globe, India’s home textile players are pining hopes on festive fervour in the financial year (FY) 2024 for the ride to recovery. After facing strong headwinds in the last fiscal, the rating agency Icra in a report has […]
The rating agency Icra expects demand for the industry to improve by close to ten per cent in volume terms in FY2024 on a yearly basis, primarily gaining through a shift in preference away from Chinese cotton and the expectations of demand improving for the spring, summer season in USA and EU regions. However, an […]
